Radius Gold (CVE:RDU) Stock Price Up 15.2% – Time to Buy?

Radius Gold Inc. (CVE:RDU) rose 15.2% during mid-day trading on Monday. The company traded as high as C$0.27 and last traded at C$0.27. 310,666 shares changed hands during trading, an increase of 113% from the average daily volume of 145,948 shares. The stock had previously closed at C$0.23.

Radius Gold Trading Up 19.6%

The firm has a market cap of C$31.83 million, a PE ratio of -27.50 and a beta of -0.04. The company has a current ratio of 2.31, a quick ratio of 10.20 and a debt-to-equity ratio of 6.58. The business has a fifty day moving average price of C$0.19 and a 200 day moving average price of C$0.15.

Insider Activity at Radius Gold

In related news, Director Bruce Alexander Smith sold 195,000 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of C$0.24, for a total value of C$46,800.00. Following the transaction, the director directly owned 580,000 shares of the company’s stock, valued at C$139,200. This trade represents a 25.16% decrease in their position. 12.24% of the stock is owned by company insiders.

Radius Gold Company Profile

Radius Gold Inc engages in the acquisition and exploration of mineral properties. It explores for gold, silver, copper, zinc, and lead deposits. The company holds interests in the Maricela project covering an area of 155 hectares located in Sonora, Mexico; the Rambler project covering an area of 10,379-hectares located in Chihuahua, Mexico; and the Amalia project covering an area of 10,250 hectares located in Chihuahua, Mexico. It also holds interests in the Plata Verde project covering an area of 300 hectares located in Chihuahua, Mexico; Tropico project located in Zacatecas, Mexico; and Holly and Banderas project located in Guatemala.