Resolute Mining Limited (LON:RSG) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 20.20 ($0.26) and last traded at GBX 21 ($0.27), with a volume of 186300 shares traded. The stock had previously closed at GBX 21.80 ($0.28).
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 58 ($0.76) target price on shares of Resolute Mining in a report on Thursday, September 2nd.
The company has a quick ratio of 0.61, a current ratio of 1.60 and a debt-to-equity ratio of 56.27. The stock has a market cap of £231.82 million and a P/E ratio of -1.43. The company has a 50-day simple moving average of GBX 26.03 and a two-hundred day simple moving average of GBX 28.70.
Resolute Mining Limited engages in mining, exploration, development, and production of gold properties in Africa and Australia. 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. The company is also involved in the prospecting and exploration of minerals.
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