Radisson Mining Resources (CVE:RDS) Stock Price Down 4.8% – What’s Next?

Radisson Mining Resources Inc. (CVE:RDS) shares fell 4.8% during mid-day trading on Tuesday . The company traded as low as C$0.79 and last traded at C$0.79. 249,736 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 725,597 shares. The stock had previously closed at C$0.83.

Radisson Mining Resources Trading Down 4.8%

The company has a quick ratio of 4.25, a current ratio of 11.57 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is C$0.88 and its 200-day moving average is C$0.86. The stock has a market capitalization of C$355.85 million, a price-to-earnings ratio of -131.67 and a beta of 1.12.

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.