Radius Gold (CVE:RDU) Sets New 52-Week High – Should You Buy?

Shares of Radius Gold Inc. (CVE:RDU) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$0.26 and last traded at C$0.24, with a volume of 353,543 shares. The stock had previously closed at C$0.23.

Radius Gold Trading Up 6.7%

The stock has a market capitalization of C$27.78 million, a price-to-earnings ratio of -24.00 and a beta of 0.28. The company’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.14. The company has a debt-to-equity ratio of 6.58, a quick ratio of 10.20 and a current ratio of 2.31.

Insider Activity

In other news, Director Bruce Alexander Smith sold 195,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of C$0.24, for a total transaction of C$46,800.00. Following the transaction, the director owned 580,000 shares in the company, valued at approximately C$139,200. The trade was a 25.16% decrease in their position. Insiders own 12.24% of the company’s stock.

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.