Resolute Mining (LON:RSG) Shares Down 4.1% – Time to Sell?

Resolute Mining Limited (LON:RSG)’s stock price was down 4.1% during mid-day trading on Wednesday . The stock traded as low as GBX 18.60 ($0.23) and last traded at GBX 18.60 ($0.23). Approximately 214,856 shares changed hands during trading, a decline of 45% from the average daily volume of 393,375 shares. The stock had previously closed at GBX 19.40 ($0.24).

Resolute Mining Price Performance

The company has a market cap of £426 million, a PE ratio of 1,680.00 and a beta of 1.28. The stock has a fifty day moving average price of GBX 25.37 and a 200-day moving average price of GBX 30.94. The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41.

Resolute Mining Company Profile

Resolute Mining (ASX/LSE: RSG) is an African gold miner, developer and explorer with more than 30 years of experience across Australia and Africa. To date, the company has produced over nine million ounces of gold. It currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute’s gold production and cost guidance for FY2023 is 350,000oz at an All-In Sustaining Cost of $1,480/oz.

Through all its activities, sustainability is the core value at Resolute.