Resolute Mining (LON:RSG) Shares Down 6.7% – Time to Sell?

Shares of Resolute Mining Limited (LON:RSG) traded down 6.7% during trading on Thursday . The company traded as low as GBX 19.40 ($0.24) and last traded at GBX 19.40 ($0.24). 13,338 shares were traded during mid-day trading, a decline of 95% from the average session volume of 259,579 shares. The stock had previously closed at GBX 20.80 ($0.26).

Resolute Mining Stock Performance

The stock has a 50-day moving average of GBX 20.41 and a 200 day moving average of GBX 30.16. The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41. The stock has a market capitalization of £413.22 million, a price-to-earnings ratio of 1,680.00 and a beta of 1.28.

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.