Radius Gold (CVE:RDU) Sets New 52-Week High – Should You Buy?

Radius Gold Inc. (CVE:RDU)’s stock price hit a new 52-week high on Thursday. The stock traded as high as C$0.26 and last traded at C$0.24, with a volume of 353,543 shares traded. The stock had previously closed at C$0.23.

Radius Gold Stock Up 6.7%

The business has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.14. The company has a debt-to-equity ratio of 6.58, a current ratio of 2.31 and a quick ratio of 10.20. The firm has a market capitalization of C$27.78 million, a price-to-earnings ratio of -24.00 and a beta of 0.28.

Insiders Place Their Bets

In other Radius Gold news, Director Bruce Alexander Smith sold 195,000 shares of Radius Gold stock in a transaction on Thursday, October 8th. The shares were sold at an average price of C$0.24, for a total transaction of C$46,800.00. Following the sale, the director owned 580,000 shares in the company, valued at C$139,200. The trade was a 25.16% decrease in their ownership of the stock. 12.24% of the stock is owned by corporate insiders.

About Radius Gold

Radius Gold Inc engages in the acquisition and exploration of mineral properties. It explores for gold, silver, copper, zinc, and lead deposits. The company holds interests in the Maricela project covering an area of 155 hectares located in Sonora, Mexico; the Rambler project covering an area of 10,379-hectares located in Chihuahua, Mexico; and the Amalia project covering an area of 10,250 hectares located in Chihuahua, Mexico. It also holds interests in the Plata Verde project covering an area of 300 hectares located in Chihuahua, Mexico; Tropico project located in Zacatecas, Mexico; and Holly and Banderas project located in Guatemala.