Radisson Mining Resources (CVE:RDS) Shares Up 6.9% After Analyst Upgrade

Key Points

• Radisson Mining Resources' stock price increased by 6.9% following an upgrade to a moderate buy rating by Cormark, trading at C$0.77 after closing at C$0.72.
• The company has a market capitalization of C$273.35 million and operates primarily in gold exploration, with the O’Brien gold project as its flagship asset.
• Despite the recent trading surge, Radisson's stock has a negative P/E ratio of -131.67 and a beta of 1.66, indicating higher volatility compared to the market.

Radisson Mining Resources Inc. (CVE:RDS - Get Free Report)'s share price rose 6.9% during trading on Tuesday after Cormark upgraded the stock to a moderate buy rating. The company traded as high as C$0.79 and last traded at C$0.77. Approximately 232,510 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 234,159 shares. The stock had previously closed at C$0.72.

Radisson Mining Resources Trading Down 4.3%

The stock has a market capitalization of C$231.83 million, a PE ratio of -111.67 and a beta of 1.66. The stock has a 50 day moving average price of C$0.52 and a 200-day moving average price of C$0.40.

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.