Resolute Mining (ASX:RSG) Share Price Passes Below 50-Day Moving Average of $1.13

Shares of Resolute Mining Limited (ASX:RSG) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.13 and traded as low as $1.23. Resolute Mining shares last traded at $1.29, with a volume of 11,081,996 shares.

The company has a market capitalization of $1.01 billion and a PE ratio of -148.33. The company has a debt-to-equity ratio of 6.67, a quick ratio of 0.65 and a current ratio of 1.57. The company has a fifty day moving average price of A$1.14.

In other news, insider John Welborn 698,690 shares of the company’s stock in a transaction on Monday, May 20th.

About Resolute Mining (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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