Regis Resources (OTCMKTS:RGRNF) Shares Up 1.9% – Should You Buy?

Regis Resources Limited (OTCMKTS:RGRNF)’s share price rose 1.9% during mid-day trading on Wednesday. The stock traded as high as $4.82 and last traded at $4.82. Approximately 2,874 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 2,623 shares. The stock had previously closed at $4.7310.

Analysts Set New Price Targets

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

Regis Resources Price Performance

The firm has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $5.09.

Regis Resources Company Profile

Regis Resources Limited is an Australian gold mining and exploration company listed on the Australian Securities Exchange under the symbol RRL and traded over the counter in the United States under the symbol RGRNF. The company explores for, develops and produces gold, with its activities focused primarily on Western Australia and New South Wales. Regis’ principal operating assets are located in the Duketon Gold Project in Western Australia, which includes the Garden Well and Rosemont mining operations and associated processing infrastructure.