November 10, 2019 at 2:12 pm

Resolute Mining (ASX:RSG) Share Price Passes Below 50-Day Moving Average of $1.34

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Resolute Mining Limited (ASX:RSG)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.34 and traded as low as $1.09. Resolute Mining shares last traded at $1.12, with a volume of 14,100,617 shares changing hands.

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The stock has a market capitalization of $1.01 billion and a PE ratio of -224.00. The business’s 50-day moving average is A$1.34 and its two-hundred day moving average is A$1.35. 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 firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of A$1.62 ($1.15) per share, for a total transaction of A$552,420.00 ($391,787.23).

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.

Further Reading: How Important is Technical Analysis of Stocks

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