Radisson Mining Resources (CVE:RDS) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Radisson Mining Resources Inc. (CVE:RDS) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$0.92 and traded as low as C$0.88. Radisson Mining Resources shares last traded at C$0.90, with a volume of 1,056,837 shares changing hands.

Analysts Set New Price Targets

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

Radisson Mining Resources Trading Down 5.3%

The company has a 50-day moving average price of C$1.11 and a 200 day moving average price of C$0.92. The company has a current ratio of 14.91, a quick ratio of 4.25 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of C$409.50 million, a P/E ratio of -112.50 and a beta of 1.86.

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.