Radius Gold (CVE:RDU) Shares Climb 9.3% – Should You Buy?

Radius Gold Inc. (CVE:RDU) shares rose 9.3% during mid-day trading on Wednesday. The stock traded as high as C$0.24 and last traded at C$0.23. 516,790 shares were traded during trading, an increase of 307% from the average daily volume of 127,084 shares. The stock had previously closed at C$0.21.

Radius Gold Price Performance

The stock has a 50 day moving average of C$0.16 and a two-hundred day moving average of 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. The firm has a market capitalization of C$26.04 million, a P/E ratio of -22.50 and a beta of 0.28.

Insider Buying and Selling

In other news, Director Bruce Alexander Smith sold 195,000 shares of Radius Gold stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of C$0.24, for a total value of C$46,800.00. Following the transaction, the director owned 580,000 shares of the company’s stock, valued at C$139,200. This trade represents a 25.16% decrease in their ownership of the stock. 12.24% of the stock is currently owned by company insiders.

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.