Insider Buying: Resolute Mining Limited (ASX:RSG) Insider Buys 25,000 Shares of Stock

Resolute Mining Limited (ASX:RSG) insider John Welborn acquired 25,000 shares of the stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of A$1.03 ($0.73) per share, for a total transaction of A$25,750.00 ($18,262.41).

John Welborn also recently made the following trade(s):

  • On Monday, May 20th, John Welborn 698,690 shares of Resolute Mining stock.

RSG traded up A$0.05 ($0.04) during trading on Friday, reaching A$1.13 ($0.80). The company’s stock had a trading volume of 8,915,383 shares, compared to its average volume of 6,400,000. Resolute Mining Limited has a 52-week low of A$0.91 ($0.65) and a 52-week high of A$1.44 ($1.02). The firm has a market capitalization of $856.65 million and a PE ratio of -125.56. The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 6.67.

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About Resolute Mining

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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