Resolute Mining (LON:RSG) Stock Price Down 6.7% – Here’s What Happened

Shares of Resolute Mining Limited (LON:RSG) traded down 6.7% during mid-day 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 changed hands during 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 Price Performance

The firm has a market capitalization of £447.30 million, a P/E ratio of 1,680.00 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 0.41 and a debt-to-equity ratio of 10.70. The firm has a 50 day moving average price of GBX 20.43 and a 200-day moving average price of GBX 30.02.

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.