Radisson Mining Resources (CVE:RDS) Shares Down 3.5% – Here’s Why

Radisson Mining Resources Inc. (CVE:RDS) shares were down 3.5% during mid-day trading on Tuesday . The company traded as low as C$1.08 and last traded at C$1.10. Approximately 653,309 shares were traded during trading, a decline of 9% from the average session volume of 721,045 shares. The stock had previously closed at C$1.14.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price target on shares of 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, the stock currently has an average rating of “Buy” and an average target price of C$2.45.

Radisson Mining Resources Trading Down 3.5%

The stock has a fifty day moving average of C$0.99 and a two-hundred day moving average of C$0.92. The company has a market capitalization of C$500.50 million, a PE ratio of -137.50 and a beta of 1.42. The company has a current ratio of 14.91, a quick ratio of 4.25 and a debt-to-equity ratio of 0.04.

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.