Radisson Mining Resources (CVE:RDS) Shares Down 3.5% – Here’s What Happened

Radisson Mining Resources Inc. (CVE:RDS)’s share price traded down 3.5% during mid-day trading on Tuesday . The stock traded as low as C$1.08 and last traded at C$1.10. Approximately 653,309 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 721,045 shares. The stock had previously closed at C$1.14.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their price target on shares of Radisson Mining Resources from C$2.25 to C$2.45 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$2.45.

Radisson Mining Resources Price Performance

The business has a 50-day simple moving average of C$0.99 and a 200 day simple moving average of C$0.92. The firm has a market cap of C$500.50 million, a P/E ratio of -137.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.25 and a current ratio of 14.91.

Radisson Mining Resources Company Profile

Radisson Mining Resources Inc, a gold exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship project is the 100% owned O'Brien gold project that comprise 120 claims covering a total area of 5,875 hectares located in the Abitibi Témiscamingue region of Quebec; and the Douay property, which comprising 30 claims covering an area of approximately 1,606 hectares located in the James Bay territory. The company was incorporated in 1983 and is headquartered in Rouyn-Noranda, Canada.