Radius Gold (CVE:RDU) Reaches New 52-Week High – Time to Buy?

Radius Gold Inc. (CVE:RDU) shares hit a new 52-week high on Friday. The company traded as high as C$0.30 and last traded at C$0.30, with a volume of 418,034 shares changing hands. The stock had previously closed at C$0.26.

Radius Gold Price Performance

The company has a market cap of C$34.73 million, a price-to-earnings ratio of -30.00 and a beta of -0.04. The company has a quick ratio of 10.20, a current ratio of 2.31 and a debt-to-equity ratio of 6.58. The company’s fifty day moving average price is C$0.20 and its two-hundred day moving average price is C$0.15.

Insider Activity

In other news, Director Bruce Alexander Smith sold 195,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of C$0.24, for a total value of C$46,800.00. Following the sale, the director directly owned 580,000 shares in the company, valued at C$139,200. The trade was a 25.16% decrease in their ownership of the stock. 12.24% of the stock is 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.