Radisson Mining Resources (CVE:RDS) Rating Increased to Moderate Buy at Cormark

Key Points

• Radisson Mining Resources has been upgraded to a "moderate buy" rating by Cormark, signaling increased optimism among analysts regarding the company's potential.
• On Monday, shares opened at C$0.72, reflecting a 22% increase in trading, with a 1-year price range of C$0.18 to C$0.74.
• The company focuses on the acquisition and development of gold mining properties in Canada, notably the O'Brien gold project in Quebec.

Radisson Mining Resources (CVE:RDS - Get Free Report) was upgraded by Cormark to a "moderate buy" rating in a research note issued to investors on Monday,Zacks.com reports.

Radisson Mining Resources Price Performance

Shares of RDS stock traded down C$0.03 during trading hours on Monday, reaching C$0.67. The company had a trading volume of 503,484 shares, compared to its average volume of 240,810. Radisson Mining Resources has a 12 month low of C$0.21 and a 12 month high of C$0.84. The business has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.40. The company has a market cap of C$231.83 million, a price-to-earnings ratio of -111.67 and a beta of 1.66.

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.