Regis Resources (OTCMKTS:RGRNF) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Regis Resources Limited (OTCMKTS:RGRNFGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.99 and traded as low as $4.80. Regis Resources shares last traded at $4.80, with a volume of 1,400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $7.10 price target on shares of Regis Resources in a research report on Monday, July 20th.

Check Out Our Latest Stock Report on Regis Resources

Regis Resources Stock Up 10.5%

The company has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $4.99.

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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