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The latest announcement is out from Radius Gold ( (TSE:RDU) ).
Radius Gold Inc. has signed a Mining Assignment and Option Agreement to acquire the Hidekel concessions, expanding its Tierra Roja copper project in southern Peru. This strategic move consolidates Radius’s land position, enhancing its control over a significant copper exploration target. The company has made progress in securing necessary permits for drilling, with final approvals expected soon, and is well-funded to commence its first drill program.
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. is a mining company with a portfolio of projects in Mexico, Guatemala, and Peru. The company focuses on advancing these projects through partnerships to maintain its financial reserves while also seeking new investment and acquisition opportunities globally. Radius is part of the Gold Group of companies, led by Simon Ridgway.
Average Trading Volume: 240,825
Technical Sentiment Signal: Buy
Current Market Cap: C$15.07M
See more insights into RDU stock on TipRanks’ Stock Analysis page.