As far as significant movers are concerned in the past week, there have been plenty of stocks which may deserve attention and one of those is the Radisson Mining Resources Inc (OTCMKTS:RMRDF).
Trading Data
On Friday, RMRDF stock moved up 11.53% at $0.1896 with more than 241k shares, compared to its average volume of 163k shares. The stock has moved within a range of $0.1700 – 0.1896 after opening trade at $0.1744.
Recent News
Last Friday the stock continued to be in focus among investors and ended up with gains of 12%. That rally took the gains made by the stock to as much as 19%. Despite the strong rally in the stock, it is necessary for investors to keep in mind that there has been no news about the company over the course of the past week and the rally may appear to be a bit speculative to many investors.
However, that may not be the case considering the fact that back on December 13, 2021 the company had made an announcement with regards to the fact that it had closed a major private placement.
Radisson Mining Resources managed to bring in as much as $6,773,110 in the form of gross proceeds as part of the private placement. It was a significant transaction and one that may have led to a wave of optimism among investors. At this point of time, it might be a good idea to track the stock and see if it can continued to add to its gains.
Technical Data
RMRDF stock is above the 20-Day and 50-Day Moving averages of $0.1638 and $0.1816 respectively. However, the stock is trading below the 200-Day moving average of $0.2055.
