Radius Gold (CVE:RDU) Stock Jumps 9.3% – Here’s What Happened

Radius Gold Inc. (CVE:RDU) shot up 9.3% during mid-day trading on Wednesday. The company traded as high as C$0.24 and last traded at C$0.23. Approximately 516,790 shares were traded during mid-day trading, an increase of 307% from the average session volume of 127,084 shares. The stock had previously closed at C$0.21.

Radius Gold Price Performance

The stock’s 50-day moving average is C$0.16 and its 200 day moving average is C$0.14. The stock has a market capitalization of C$26.04 million, a PE ratio of -22.50 and a beta of 0.28. The company has a quick ratio of 10.20, a current ratio of 2.31 and a debt-to-equity ratio of 6.58.

Insider Buying and Selling at Radius Gold

In related news, Director Bruce Alexander Smith sold 195,000 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of C$0.24, for a total value of C$46,800.00. Following the completion of the sale, the director owned 580,000 shares of the company’s stock, valued at approximately C$139,200. The trade was a 25.16% decrease in their position. 12.24% of the stock is owned by company 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.