Riverside Resources (CVE:RRI) Shares Up 35.7% – What’s Next?
by Danessa Lincoln · The Markets DailyRiverside Resources Inc. (CVE:RRI – Get Free Report) shares shot up 35.7% on Saturday . The stock traded as high as C$0.29 and last traded at C$0.29. 1,319,534 shares traded 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 Price Performance
The stock has a market capitalization of C$26.57 million, a PE ratio of -14.25 and a beta of 1.32. The stock’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.19.
About Riverside Resources
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.