Resolute Mining (LON:RSG) Stock Price Down 4.1% – Here’s Why

Resolute Mining Limited (LON:RSG) shares traded down 4.1% on Wednesday . The company traded as low as GBX 18.60 ($0.23) and last traded at GBX 18.60 ($0.23). 214,856 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 393,375 shares. The stock had previously closed at GBX 19.40 ($0.24).

Resolute Mining Trading Down 4.1 %

The stock has a market capitalization of £396.18 million, a PE ratio of 1,680.00 and a beta of 1.28. The stock’s 50 day moving average price is GBX 25.37 and its 200-day moving average price is GBX 30.94. The company has a quick ratio of 0.41, a current ratio of 1.19 and a debt-to-equity ratio of 10.70.

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.