RSG - Resource Generation Ltd

Oct 26, 2020 at 16:16 Twitter · Facebook

RSG share price on Johannesburg Stock Exchange

Resource Generation Ltd. (Resgen) is an emerging ASX and JSE-listed energy company, currently developing the Boikarabelo Coal Mine in South Africa’s Waterberg region. The Waterberg accounts for around 40% of the country’s currently known coal resources. The Coal Resources and Coal Reserves for the Boikarabelo Coal Mine, held through the operating subsidiary Ledjadja Coal, were recently updated based upon a new mine plan and execution strategy. The Boikarabelo Coal Resources total 995Mt and the Coal Reserves total 267Mt applying the JORC Code 2012 (ASX Announcement :23 January 2017- In accordance with Listing Rule 5.23.2 the Company confirms that it is not aware of any new information that would impact on the Reported Coal Resources and Coal Reserves). Stage 1 of the mine development targets saleable coal production of 6 million tonnes per annum. Ledjadja Coal is a Black Economic Empowerment subsidiary (BEE) operating under South Africa’s Broad-based Black Economic Empowerment Act, Section 9(5): Codes of Good Practice

Resource Generation Ltd is an emerging coal producer. It is the owner of the rights to a large and defined Coal Resource in South Africa's Waterberg coalfield. Through its subsidiary, the company is working on...

NOTE: Shares of Resource Generation Ltd are currently suspended from trading on the Johannesburg Stock Exchange (JSE) since close of trading on Monday, October 26, 2020. Resource Generation is traded on the JSE under the ticker symbol “RSG”. The International Securities Identification Number (ISIN) of JSE:RSG is AU000000RES1. Resource Generation Ltd is currently the 405th most valuable stock on the JSE with a market capitalization of ZAR 5.41 million.

RSG Stock Market Performance

The current share price of Resource Generation Ltd (RSG) is ZAR 0.67. RSG closed its last trading day (Wednesday, October 14, 2020) at 0.67 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 32.3% drop from its previous closing price of 0.99 ZAR. Resource Generation began the year with a share price of 1.05 ZAR but has since lost 36.2% off that price valuation. Shareholders’ worries are compounded by the fact that RSG has lost 33% of the stock’s value from September 28th to date.

Resource Generation has traded a total volume of 300,983 shares—in 31 deals—valued at ZAR 292,608 over the past three months (Jul 28 - Oct 26, 2020), with an average of 4,778 traded shares per session. A volume high of 80,000 was achieved on August 5th for the same period. The table below details the last 10 trading days of activity of Resource Generation on the Johannesburg Stock Exchange.

Profile of Resource Generation Ltd.

Resource Generation Ltd. operates in the Basic Materials sector, specifically, the Mining industry.

RSG Industrial Market Competitors

Resource Generation Ltd., issuers of the RSG stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange