Radius Gold (CVE:RDU) Hits New 52-Week High – Here’s Why

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

Radius Gold Trading Up 6.3%

The company has a quick ratio of 10.20, a current ratio of 2.31 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of C$29.52 million, a P/E ratio of -25.50 and a beta of 0.28. The firm’s 50 day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.14.

Insider Activity

In other news, Director Bruce Alexander Smith sold 195,000 shares of the firm’s stock in a transaction dated 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 directly owned 580,000 shares in the company, valued at C$139,200. This trade represents a 25.16% decrease in their position. 12.24% of the stock is owned by company insiders.

Radius Gold Company Profile

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.