Resolute Mining (LON:RSG) Stock Price Up 11.2% – Time to Buy?

Resolute Mining Limited (LON:RSG)’s stock price rose 11.2% on Wednesday . The company traded as high as GBX 21 ($0.27) and last traded at GBX 20.40 ($0.26). Approximately 400,213 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 204,334 shares. The stock had previously closed at GBX 18.35 ($0.24).

Resolute Mining Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 9.86. The business’s 50-day simple moving average is GBX 19.27 and its two-hundred day simple moving average is GBX 27.25. The company has a market capitalization of £538.20 million, a PE ratio of 43.88 and a beta of 1.28.

About Resolute Mining

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.