Radius Gold (CVE:RDU) Shares Climb 11.1% – Still a Buy?

Shares of Radius Gold Inc. (CVE:RDU) rose 11.1% during mid-day trading on Wednesday. The company traded as high as C$0.27 and last traded at C$0.25. Approximately 246,795 shares were traded during mid-day trading, an increase of 75% from the average session volume of 141,006 shares. The stock had previously closed at C$0.23.

Radius Gold Stock Performance

The company’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.15. The company has a current ratio of 2.31, a quick ratio of 10.20 and a debt-to-equity ratio of 6.58. The stock has a market cap of C$28.36 million, a P/E ratio of -24.50 and a beta of 0.28.

Insider Activity

In related news, Director Bruce Alexander Smith sold 195,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of C$0.24, for a total transaction of C$46,800.00. Following the completion of the sale, the director directly owned 580,000 shares of the company’s stock, valued at approximately C$139,200. This trade represents a 25.16% decrease in their ownership of the stock. 12.24% of the stock is currently owned by corporate insiders.

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.