Radisson Mining Resources (CVE:RDS) Shares Up 8.5% - Here's What Happened

Key Points

• Shares of Radisson Mining Resources jumped 8.5%, trading as high as C$0.65 and last at C$0.64 (previous close C$0.59) on volume of 1,346,498 shares, a 65% increase versus the average session volume.
• The company has a market capitalization of C$271.17 million, a negative PE of -128.00 and a beta of 1.19, with the stock currently trading below its 50‑day (C$0.75) and 200‑day (C$0.74) simple moving averages.
• Radisson is a Canadian gold exploration company that wholly owns the O'Brien project (5,875 hectares in Abitibi Témiscamingue) and the Douay property (about 1,606 hectares in the James Bay region).

Shares of Radisson Mining Resources Inc. (CVE:RDS - ) shot up 8.5% on Monday . The stock traded as high as C$0.65 and last traded at C$0.64. 1,346,498 shares were traded during trading, an increase of 65% from the average session volume of 817,860 shares. The stock had previously closed at C$0.59.

Radisson Mining Resources Price Performance

The company has a market capitalization of C$271.17 million, a PE ratio of -128.00 and a beta of 1.19. The company's 50 day simple moving average is C$0.75 and its 200 day simple moving average is C$0.74.

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.

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