Regis Resources (OTCMKTS:RGRNF) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Regis Resources Limited (OTCMKTS:RGRNFGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.29 and traded as high as $5.05. Regis Resources shares last traded at $4.9050, with a volume of 925 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $6.50 price target on Regis Resources in a report on Sunday, October 12th.

Read Our Latest Report on RGRNF

Regis Resources Trading Up 4.2%

The stock has a 50-day moving average of $4.31 and a 200 day moving average of $3.60.

About Regis Resources

(Get Free Report)

Regis Resources Limited (OTCMKTS:RGRNF) is an Australian-based gold producer focused on the exploration, development and mining of gold deposits. The company’s principal asset is the Duketon Gold Project, located in the Leonora region of Western Australia, where it operates a number of open-pit and underground gold mines. Regis generates revenue through the production and sale of gold doré bars to regional and global refineries.

The Duketon Gold Project comprises several mining operations, including Garden Well, Rosemont and Moolart Well, all supported by an on-site processing plant and associated infrastructure.

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