Regis Resources (OTCMKTS:RGRNF) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Regis Resources Limited (OTCMKTS:RGRNFGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.13 and traded as high as $6.1388. Regis Resources shares last traded at $6.1388, with a volume of 175 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on RGRNF

Regis Resources Price Performance

The business has a 50-day simple moving average of $5.13 and a 200 day simple moving average of $5.06.

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.

Further Reading

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