Regis Resources (OTCMKTS:RGRNF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Regis Resources Limited (OTCMKTS:RGRNFGet Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.83 and traded as high as $5.96. Regis Resources shares last traded at $5.67, with a volume of 582 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on RGRNF

Regis Resources Stock Performance

The firm’s 50 day moving average is $4.83 and its 200 day moving average is $3.95.

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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