Radisson Mining Resources (CVE:RDS) Stock Price Down 3.6% - Time to Sell?

Key Points

• Radisson Mining Resources' stock price fell by 3.6% during trading, closing at C$0.67 after reaching a low of C$0.62.
• The company received a "moderate buy" rating from Cormark, with a current consensus rating of "Buy" from analysts.
• Radisson Mining Resources has a market capitalization of C$281.77 million and is primarily focused on the exploration and development of gold mining properties in Canada.

Radisson Mining Resources Inc. (CVE:RDS - Get Free Report)'s share price traded down 3.6% during trading on Tuesday . The company traded as low as C$0.62 and last traded at C$0.67. 1,394,669 shares changed hands during mid-day trading, an increase of 323% from the average session volume of 329,813 shares. The stock had previously closed at C$0.69.

Analyst Upgrades and Downgrades

Separately, Cormark raised shares of Radisson Mining Resources to a "moderate buy" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Radisson Mining Resources Trading Down 3.6%

The company has a market capitalization of C$281.77 million, a price-to-earnings ratio of -110.83 and a beta of 1.50. The firm's 50 day simple moving average is C$0.61 and its 200-day simple moving average is C$0.46.

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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