Regis Resources (OTCMKTS:RGRNF) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Regis Resources Limited (OTCMKTS:RGRNF – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $5.38 and traded as high as $5.44. Regis Resources shares last traded at $5.44, with a volume of 330 shares.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on RGRNF

Regis Resources Trading Up 0.1%

The company has a fifty day moving average price of $5.38 and a two-hundred day moving average price of $4.99.

Regis Resources Company Profile

(Get Free Report)

Regis Resources Limited is an Australian gold mining and exploration company whose shares trade on the Australian Securities Exchange under the symbol RRL and on the OTC market under the symbol RGRNF. The company focuses on discovering, developing and operating gold assets in Australia.

Regis Resources’ principal operations are located in Western Australia’s Goldfields region, where it operates the Duketon Gold Project. The project includes the Garden Well and Rosemont mining operations, along with associated processing and infrastructure.

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