Resolute Mining (LON:RSG) Trading Up 11.2% – Here’s Why

Resolute Mining Limited (LON:RSG) traded up 11.2% on Wednesday . The company traded as high as GBX 21 ($0.27) and last traded at GBX 20.40 ($0.26). 400,213 shares traded hands during trading, an increase of 96% from the average session volume of 204,334 shares. The stock had previously closed at GBX 18.35 ($0.23).

Resolute Mining Stock Up 11.2 %

The company has a debt-to-equity ratio of 9.86, a quick ratio of 0.41 and a current ratio of 1.19. The company has a fifty day simple moving average of GBX 19.26 and a two-hundred day simple moving average of GBX 27.43. The firm has a market capitalization of £543.52 million, a PE ratio of 44.31 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.