Radisson Mining Resources (CVE:RDS) Stock Price Down 1.6% - Here's What Happened

Key Points

• Radisson Mining Resources Inc. (CVE:RDS) experienced a stock price decline of 1.6%, trading at C$0.63 during mid-day on Tuesday, with trading volume increasing by 97% compared to the average session.
• Cormark upgraded Radisson Mining Resources to a "moderate buy" rating, contributing to an overall average rating of "Buy" for the stock.
• The company, known for its gold exploration in Canada, boasts a market capitalization of C$240.69 million and has two significant projects: the O'Brien gold project and the Douay property.

Radisson Mining Resources Inc. (CVE:RDS - Get Free Report)'s stock price fell 1.6% during mid-day trading on Tuesday . The company traded as low as C$0.63 and last traded at C$0.63. 541,563 shares changed hands during mid-day trading, an increase of 97% from the average session volume of 274,736 shares. The stock had previously closed at C$0.64.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Radisson Mining Resources to a "moderate buy" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

Radisson Mining Resources Price Performance

The company has a 50-day moving average of C$0.57 and a two-hundred day moving average of C$0.43. The stock has a market capitalization of C$240.69 million, a PE ratio of -105.00 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.

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