Resolute Mining (LON:RSG) Shares Down 6.7% – Time to Sell?

Resolute Mining Limited (LON:RSG)’s share price fell 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 traded 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 Stock Down 6.7 %

The business has a 50 day moving average of GBX 20.41 and a 200 day moving average of GBX 30.16. The company has a debt-to-equity ratio of 10.70, a current ratio of 1.19 and a quick ratio of 0.41. The firm has a market capitalization of £413.22 million, a price-to-earnings ratio of 1,680.00 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.