Radisson Mining Resources (CVE:RDS) Stock Price Down 3.5% – What’s Next?

Radisson Mining Resources Inc. (CVE:RDS)’s share price dropped 3.5% on Tuesday . The company traded as low as C$1.08 and last traded at C$1.10. 653,309 shares traded hands during 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 Analyst Weigh In

Separately, ATB Cormark Capital Markets raised 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$2.45.

Radisson Mining Resources Price Performance

The business’s 50 day moving average price is C$0.99 and its 200-day moving average price is C$0.93. The company has a quick ratio of 4.25, a current ratio of 14.91 and a debt-to-equity ratio of 0.04. The company has a market cap of C$518.70 million, a PE ratio of -142.50 and a beta of 1.42.

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.