Radisson Mining Resources (CVE:RDS) Shares Up 11% – Here’s Why

Radisson Mining Resources Inc. (CVE:RDS)’s stock price traded up 11% during trading on Wednesday . The company traded as high as C$0.91 and last traded at C$0.91. 1,138,763 shares were traded during mid-day trading, an increase of 185% from the average session volume of 399,725 shares. The stock had previously closed at C$0.82.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Radisson Mining Resources to a “moderate buy” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Radisson Mining Resources currently has a consensus rating of “Buy”.

Radisson Mining Resources Price Performance

The firm has a market capitalization of C$385.58 million, a P/E ratio of -151.67 and a beta of 1.10. The company’s 50 day moving average price is C$0.69 and its 200 day moving average price is C$0.55.

About Radisson Mining Resources

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.