Resolute Mining (LON:RSG) Stock Price Down 35.7% – Time to Sell?

Resolute Mining Limited (LON:RSG) shares fell 35.7% during mid-day trading on Monday . The stock traded as low as GBX 21.40 ($0.28) and last traded at GBX 22.20 ($0.29). 3,347,633 shares changed hands during mid-day trading, an increase of 721% from the average session volume of 407,682 shares. The stock had previously closed at GBX 34.50 ($0.44).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 39 ($0.50) target price on shares of Resolute Mining in a report on Friday, August 30th.

Resolute Mining Stock Up 0.9 %

The company has a market cap of £485.64 million, a PE ratio of 1,680.00 and a beta of 1.28. The business’s fifty day simple moving average is GBX 37.64 and its two-hundred day simple moving average is GBX 32.39. 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 Limited engages in mining, prospecting, and exploration for minerals in Africa, the United Kingdom, and Australia. It is involved in mining gold and silver. The company’s flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa.