Radisson Mining Resources (CVE:RDS) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Radisson Mining Resources Inc. (CVE:RDS) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$0.93 and traded as low as C$0.92. Radisson Mining Resources shares last traded at C$0.92, with a volume of 512,920 shares trading hands.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lifted their price objective on shares of Radisson Mining Resources from C$2.25 to C$2.45 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$2.45.

Radisson Mining Resources Trading Down 8.0%

The company has a market capitalization of C$473.40 million, a P/E ratio of -115.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.91 and a quick ratio of 4.25. The firm has a fifty day moving average price of C$1.07 and a 200-day moving average price of C$0.93.

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.