Radius Gold (CVE:RDU) Stock Price Up 31.3% – Here’s What Happened

Shares of Radius Gold Inc. (CVE:RDU) shot up 31.3% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. 593,447 shares traded hands during trading, an increase of 434% from the average session volume of 111,216 shares. The stock had previously closed at C$0.08.

Radius Gold Stock Performance

The company has a debt-to-equity ratio of 2.80, a current ratio of 3.17 and a quick ratio of 10.20. The company has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$10.41 million, a P/E ratio of -5.25 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.