Radisson Mining Resources (CVE:RDS) Trading Up 1.2% – Here’s What Happened

Radisson Mining Resources Inc. (CVE:RDS)’s stock price shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as C$0.85 and last traded at C$0.85. 56,207 shares were traded during trading, a decline of 86% from the average session volume of 403,908 shares. The stock had previously closed at C$0.84.

Wall Street Analysts Forecast Growth

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

Radisson Mining Resources Stock Performance

The company has a market cap of C$360.15 million, a price-to-earnings ratio of -170.00 and a beta of 1.23. The firm’s 50-day moving average price is C$0.76 and its 200 day moving average price is C$0.60.

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. The company was incorporated in 1983 and is headquartered in Rouyn-Noranda, Canada.