Riverside Resources (CVE:RRI) Trading 35.7% Higher – Should You Buy?
by Tristan Rich · The Markets DailyRiverside Resources Inc. (CVE:RRI – Get Free Report)’s stock price traded up 35.7% during trading on Friday . The stock traded as high as C$0.29 and last traded at C$0.29. 1,319,534 shares changed hands during trading, an increase of 354% from the average session volume of 290,745 shares. The stock had previously closed at C$0.21.
Riverside Resources Trading Up 35.7%
The firm has a market capitalization of C$26.57 million, a price-to-earnings ratio of -14.25 and a beta of 1.32. The business has a 50-day moving average price of C$0.21 and a two-hundred day moving average price of C$0.19.
Riverside Resources Company Profile
Riverside Resources Inc engages in the acquisition, exploration, and evaluation of assets in Canada, the United States, and Mexico. It primarily explores for gold, silver, rare earth elements (REE), and copper deposits. The company holds 100% interests in the Oakes Gold project covering an area of approximately 5,600 hectares; the Pichette comprises 1,650 hectares; and the Longrose and Vincent projects in located northwestern Ontario, Canada, as well as Duc project covering an area of approximately 600 hectares located in Ontario, Canada; and the Revel project includes 1,100 hectares located in the north of Revelstoke, British Columbia.