Radisson Mining Resources (CVE:RDS) Stock Price Down 4.3% - Time to Sell?

Key Points

• Shares of Radisson Mining Resources fell 4.3% to C$1.10 on Monday, with about 180,140 shares traded — roughly 78% below its average daily volume.
• The company has a market cap of C$460.4M and a negative P/E (-152.14), indicating it is not currently profitable; the stock's beta is 1.22.
• Radisson is a gold exploration firm with the 100% owned O'Brien project and the Douay property, and reports strong liquidity and low leverage (quick ratio 4.25, current ratio 22.78, debt-to-equity 0.06).

Radisson Mining Resources Inc. (CVE:RDS - ) dropped 4.3% on Monday . The company traded as low as C$1.10 and last traded at C$1.10. Approximately 180,140 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 822,067 shares. The stock had previously closed at C$1.15.

Radisson Mining Resources Price Performance

The business's 50 day moving average is C$0.82 and its 200-day moving average is C$0.79. The firm has a market capitalization of C$460.42 million, a P/E ratio of -152.14 and a beta of 1.22. The company has a quick ratio of 4.25, a current ratio of 22.78 and a debt-to-equity ratio of 0.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.