Radisson Mining Resources (CVE:RDS) Trading Down 4.8% – What’s Next?

Shares of Radisson Mining Resources Inc. (CVE:RDS) dropped 4.8% during mid-day trading on Tuesday . The stock traded as low as C$0.79 and last traded at C$0.79. Approximately 249,736 shares changed hands during trading, a decline of 66% from the average session volume of 725,597 shares. The stock had previously closed at C$0.83.

Radisson Mining Resources Price Performance

The company has a quick ratio of 4.25, a current ratio of 11.57 and a debt-to-equity ratio of 0.05. The company has a market cap of C$355.85 million, a PE ratio of -131.67 and a beta of 1.12. The stock has a 50-day simple moving average of C$0.88 and a 200 day simple moving average of C$0.86.

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.