Radius Gold (CVE:RDU) Shares Climb 9.3% – Still a Buy?

Radius Gold Inc. (CVE:RDU)’s share price rose 9.3% during trading on Wednesday. The company traded as high as C$0.24 and last traded at C$0.23. 516,790 shares changed hands during trading, an increase of 307% from the average session volume of 127,084 shares. The stock had previously closed at C$0.21.

Radius Gold Price Performance

The stock has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.14. The company has a market cap of C$27.78 million, a price-to-earnings ratio of -24.00 and a beta of 0.28. The company has a debt-to-equity ratio of 6.58, a current ratio of 2.31 and a quick ratio of 10.20.

Insider Activity at Radius Gold

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 of the company’s stock, valued at approximately C$139,200. The trade was a 25.16% decrease in their position. 12.24% of the stock is currently owned by corporate 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.