Radisson Mining Resources (CVE:RDS) Stock Drops 1.4% – Here's the Story

On Monday, the stock price of Radisson Mining Resources Inc. (CVE:RDS) fell by 1.4%. During the trading session, the stock reached a low of C$0.36 and was last seen trading at the same price. A total of approximately 2,159,946 shares exchanged hands, which marks a significant increase of 772% compared to the average daily trading volume of 247,706 shares. The stock had previously closed at C$0.36.

Radisson Mining Resources Stock Overview

The current 50-day moving average price for the stock stands at C$0.33, while the 200-day moving average price is C$0.27. Radisson Mining Resources has a market capitalization of C$114.03 million and a price-to-earnings ratio of -18.50. The stock also carries a beta of 1.78, indicating higher volatility.

About Radisson Mining Resources

Radisson Mining Resources Inc. is primarily engaged in the exploration and development of gold mining properties within Canada. The company’s flagship project is the O'Brien gold project, which is entirely owned by Radisson and spans 120 claims across 5,875 hectares in the Abitibi Témiscamingue region of Quebec. Additionally, Radisson holds the Douay property, which consists of 30 claims covering around 1,606 hectares situated in the James Bay territory.

Further Insights

This news alert aims to provide a concise overview of the recent decline in Radisson Mining Resources' stock price, outlining key metrics and background on the company.

MarketBeat, known for its tracking of top analysts and their stock recommendations, has identified other stocks that are considered a better investment option compared to Radisson Mining Resources. These insights could be useful for investors looking to make informed decisions before executing their trades.

Investment Consideration

Before making investment choices about Radisson Mining Resources, it's crucial to stay informed about market movements and analyst opinions. Continuous monitoring of stock performance can help in understanding the best timing for investment.

Radisson, Mining, Stocks