Resolute Mining (LON:RSG) Trading Down 7.3% – Here’s Why

Resolute Mining Limited (LON:RSG) shares traded down 7.3% on Wednesday . The company traded as low as GBX 17.70 ($0.22) and last traded at GBX 17.80 ($0.22). 337,359 shares changed hands during trading, an increase of 52% from the average session volume of 222,484 shares. The stock had previously closed at GBX 19.20 ($0.24).

Resolute Mining Stock Performance

The firm has a market capitalization of £498.23 million, a price-to-earnings ratio of 40.62 and a beta of 1.28. The company has a 50-day moving average price of GBX 19.93 and a 200-day moving average price of GBX 28.79. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 9.86.

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.