Radisson Mining Resources (CVE:RDS) Shares Climb 5.9% – Here’s What Happened

Radisson Mining Resources Inc. (CVE:RDS)’s share price rose 5.9% during mid-day trading on Tuesday. The stock traded as high as C$1.00 and last traded at C$0.98. 955,597 shares traded hands during trading, an increase of 39% from the average daily volume of 687,057 shares. The stock had previously closed at C$0.93.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their target price on shares of Radisson Mining Resources from C$2.25 to C$2.45 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Radisson Mining Resources currently has a consensus rating of “Buy” and a consensus price target of C$2.45.

Radisson Mining Resources Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.25 and a current ratio of 14.91. The stock’s fifty day moving average is C$1.11 and its two-hundred day moving average is C$0.92. The firm has a market capitalization of C$448.18 million, a price-to-earnings ratio of -123.12 and a beta of 1.86.

Radisson Mining Resources Company Profile

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.