RSG - Resource Generation Ltd
Resource Generation Ltd. (Resgen) is an emerging ASX and JSE-listed energy company, currently developing the Boikarabelo Coal Mine in South Africaâs Waterberg region. The Waterberg accounts for around 40% of the countryâs 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 Africaâs 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 315th most valuable stock on the JSE with a market capitalization of ZAR 390 million, which is about 0.0019% of the Johannesburg Stock Exchange equity market.
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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.
Factsheet of Resource Generation Ltd.
- Basic Materials
- c/o David B Overell Pty Ltd., Level 1, 17 Station Road, Indooropilly, QLD, Australia, 4068
- 011 010-6310
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.
|SXM||Sable Exploration & Mining Ltd||4.35M||1.00||+809%|
|MCZ||MC Mining Limited||1.17B||2.95||+178%|
|EXX||Exxaro Resources Ltd||77.2B||221.00||+44.6%|
|ARI||African Rainbow Min Ltd||64.2B||285.60||+23.5%|
|MDI||Master Drilling Grp Ltd||2.12B||14.00||+22%|
|GML||Gemfields Group Limited||4.47B||3.70||+21.7%|
|MRF||Merafe Resources Ltd||3.4B||1.36||+13.3%|
|GFI||Gold Fields Ltd||171B||191.31||+9.86%|