Radius Gold (CVE:RDU) Shares Up 14.3% – Here’s Why

Radius Gold Inc. (CVE:RDU) shares shot up 14.3% during mid-day trading on Monday . The company traded as high as C$0.12 and last traded at C$0.12. 466,314 shares traded hands during mid-day trading, an increase of 198% from the average session volume of 156,734 shares. The stock had previously closed at C$0.11.

Radius Gold Stock Performance

The business has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The company has a debt-to-equity ratio of 2.80, a quick ratio of 10.20 and a current ratio of 3.17. The company has a market cap of C$10.90 million, a P/E ratio of -5.50 and a beta of 1.52.

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.