Regis Resources (OTCMKTS:RGRNF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemShares of Regis Resources Limited (OTCMKTS:RGRNF – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.83 and traded as low as $4.57. Regis Resources shares last traded at $4.57, with a volume of 1,000 shares traded.
Regis Resources Stock Down 0.7%
The firm’s fifty day simple moving average is $4.83 and its two-hundred day simple moving average is $5.08.
About Regis Resources
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.