Shares of Radius Gold Inc. (CVE:RDU) fell by 3.4% during mid-day trading on Monday, reaching a low of C$0.14. The stock closed at C$0.15 in the previous session. During this trading period, 134,543 shares exchanged hands, marking a significant 28% decrease from the average volume of 188,096 shares.
The company’s financial ratios indicate a strong liquidity position. Radius Gold reported a quick ratio of 10.20 and a current ratio of 4.32, although it has a debt-to-equity ratio of 2.04. The stock’s fifty-day and 200-day moving averages both stand at C$0.14, while the company has a market capitalization of approximately C$17.36 million. The price-to-earnings (PE) ratio is listed at -15.00, with a beta of -0.29, indicating lower volatility compared to the broader market.
Company Overview and Projects
Radius Gold Inc. is actively engaged in the acquisition and exploration of various mineral properties, primarily focusing on gold, silver, copper, zinc, and lead deposits. The company holds interests in several projects located in Mexico and Guatemala.
The Maricela project spans 155 hectares in Sonora, while the Rambler project covers 10,379 hectares and the Amalia project encompasses 10,250 hectares, both situated in Chihuahua, Mexico. Additionally, Radius Gold has interests in the Plata Verde project, which covers 300 hectares in Chihuahua, as well as the Tropico project located in Zacatecas, Mexico. The company also explores opportunities in Guatemala through its Holly and Banderas projects.
Investors may want to consider the recent stock performance and trading volume when deciding whether to hold or sell their shares in Radius Gold Inc. The company’s ongoing exploration efforts and project interests could play a significant role in its future valuation and market performance.
