Radisson Mining Resources (CVE:RDS) Price Target Raised to C$2.45

Radisson Mining Resources (CVE:RDS) had its target price boosted by ATB Cormark Capital Markets from C$2.25 to C$2.45 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Radisson Mining Resources Trading Down 3.8%

Shares of RDS stock opened at C$1.25 on Tuesday. The company has a 50 day moving average of C$0.88 and a 200-day moving average of C$0.89. The company has a quick ratio of 4.25, a current ratio of 11.57 and a debt-to-equity ratio of 0.05. Radisson Mining Resources has a 12-month low of C$0.53 and a 12-month high of C$1.34. The firm has a market cap of C$563.05 million, a P/E ratio of -208.33 and a beta of 1.13.

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.