Radisson Mining Resources (CVE:RDS) Stock Breaks Below 200-Day Moving Average – Here’s Why

Radisson Mining Resources Inc. (CVE:RDS)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$0.92 and traded as low as C$0.88. Radisson Mining Resources shares last traded at C$0.90, with a volume of 1,056,837 shares trading hands.

Wall Street Analysts Forecast Growth

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

Radisson Mining Resources Price Performance

The stock’s fifty day moving average price is C$1.11 and its 200-day moving average price is C$0.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.91 and a quick ratio of 4.25. The firm has a market cap of C$409.50 million, a price-to-earnings ratio of -112.50 and a beta of 1.86.

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. The company was incorporated in 1983 and is headquartered in Rouyn-Noranda, Canada.