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Radius Gold ( (TSE:RDU) ) has provided an update.
Radius Gold Inc. has received drilling permits for its Tierra Roja copper project and completed geophysical surveys identifying key targets. The results suggest a significant copper discovery potential, with plans to commence drilling in Q3, potentially enhancing the company’s position in the copper mining sector.
Spark’s Take on TSE:RDU Stock
According to Spark, TipRanks’ AI Analyst, TSE:RDU is a Neutral.
Radius Gold’s overall stock score is mainly driven by its challenging financial situation with no revenue and persistent negative cash flows, reflecting high operational risk. Technical analysis shows some positive momentum, but the valuation remains a concern due to negative earnings, leading to an overall cautious view.
To see Spark’s full report on TSE:RDU stock, click here.
More about Radius Gold
Radius Gold Inc. operates in the mining industry, focusing on exploration and development of mineral properties. The company primarily engages in the discovery and development of gold and copper projects, with a market focus on significant mineral deposits.
Average Trading Volume: 187,764
Technical Sentiment Signal: Buy
Current Market Cap: C$16.67M
See more insights into RDU stock on TipRanks’ Stock Analysis page.