Regis Resources (OTCMKTS:RGRNF) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Regis Resources Limited (OTCMKTS:RGRNFGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Ratings Changes

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 Research Report on RGRNF

Regis Resources Price Performance

The company’s 50-day moving average price is $4.47 and its two-hundred day moving average price is $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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