Radisson Mining Resources (CVE:RDS) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Radisson Mining Resources Inc. (CVE:RDS) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$0.92 and traded as low as C$0.88. Radisson Mining Resources shares last traded at C$0.90, with a volume of 1,056,837 shares trading hands.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets lifted their target price on 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 equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$2.45.

Radisson Mining Resources Stock Performance

The company has a quick ratio of 4.25, a current ratio of 14.91 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$409.50 million, a price-to-earnings ratio of -112.50 and a beta of 1.86. The company’s 50-day simple moving average is C$1.11 and its 200-day simple moving average is C$0.92.

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