Resolution Minerals (NASDAQ:RML) Stock Falls 9.9% – Here’s Why

Shares of Resolution Minerals Ltd. (NASDAQ:RML) dropped 9.9% during mid-day trading on Monday. The stock traded as low as $3.80 and last traded at $3.82. 16,985 shares traded hands during trading, an increase of 81% from the average session volume of 9,379 shares. The stock had previously closed at $4.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Resolution Minerals to a “hold” rating in a report on Thursday, September 17th. Noble Financial raised shares of Resolution Minerals to a “strong-buy” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Resolution Minerals Price Performance

About Resolution Minerals

Resolution Minerals Limited is a mineral exploration company focused on identifying and advancing prospective uranium and other mineral resources. The company’s activities are centered on exploration rather than mining or the production and sale of finished commodities.

Its exploration portfolio has included uranium-focused projects in North America, along with prospects for other metals such as gold and copper. Resolution Minerals uses geological mapping, geochemical surveys, geophysics, drilling and related exploration methods to evaluate targets and determine whether they may support economically recoverable mineral deposits.

Resolution Minerals is an Australian-based company whose projects have included properties in the United States and Canada.