Radisson Mining Resources (CVE:RDS) Stock Price Down 0.9% – Here’s Why

Radisson Mining Resources Inc. (CVE:RDS)’s stock price fell 0.9% during trading on Tuesday. The company traded as low as C$1.07 and last traded at C$1.07. 189,409 shares changed hands during trading, a decline of 73% from the average session volume of 701,132 shares. The stock had previously closed at C$1.08.

Analyst Upgrades and Downgrades

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

Radisson Mining Resources Stock Performance

The company has a fifty day moving average price of C$1.08 and a 200-day moving average price of C$0.97. The firm has a market cap of C$468.65 million, a price-to-earnings ratio of -128.75 and a beta of 1.86. The company has a current ratio of 14.91, a quick ratio of 4.25 and a debt-to-equity ratio of 0.04.

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.