Resolute Mining (ASX:RSG) Share Price Passes Above 50-Day Moving Average of $1.61

Resolute Mining Limited (ASX:RSG) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.61 and traded as high as $1.22. Resolute Mining shares last traded at $1.21, with a volume of 10,415,609 shares traded.

The business has a fifty day moving average of A$1.57 and a two-hundred day moving average of A$1.35. The firm has a market cap of $1.10 billion and a price-to-earnings ratio of -244.00. The company has a debt-to-equity ratio of 34.04, a quick ratio of 0.42 and a current ratio of 1.19.

In related news, insider John Welborn bought 341,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of A$1.62 ($1.15) per share, for a total transaction of A$552,420.00 ($391,787.23).

Resolute Mining Company Profile (ASX:RSG)

Resolute Mining Limited engages in the 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 is also involved in the prospecting and exploration of minerals. The company was incorporated in 2001 and is based in Perth, Australia.

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