Ramelius Resources Limited shares bounce off 52-week lows

The Ramelius Resources Limited (ASX:RMS) share price has jumped 2 cents higher, or 4.65%, to 45 cents on high volume.

Although the RMS share price is now 20% higher than its 52-week low, its shares are still down 40% from its February 2017 high of 75 cents.

According to Google Finance, Ramelius Resources Limited is engaged in exploration, mine development, mine operations, the sale of gold and milling services. The company’s operational projects include Mt Magnet Mine, Kathleen Valley Mine and Vivien Mine.

Earlier this year Ramelius Resources missed its March quarterly production guidance due to heavy rain and equipment failures. The gold miner could only manage to produce 28,000 ounces of gold in the quarter, which was well below its guidance of 30,000 to 34,000 ounces. Ramelius also warned that its production costs are expected to be above its guidance of A$1,100 per ounce.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.