Radius Gold (CVE:RDU) Reaches New 1-Year High – Still a Buy?

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$0.23, with a volume of 763,980 shares trading hands. The stock had previously closed at C$0.22.

Radius Gold Stock Down 6.5%

The company has a market cap of C$24.89 million, a P/E ratio of -21.50 and a beta of 0.28. The company has a debt-to-equity ratio of 6.58, a current ratio of 2.31 and a quick ratio of 10.20. The business’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.14.

Insider Buying and Selling

In other news, Director Bruce Alexander Smith sold 195,000 shares of the firm’s stock in a transaction 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 transaction, 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. Corporate insiders own 12.24% of the company’s stock.

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.