Riverside Resources (CVE:RRI) Trading Up 28.6% – Here’s What Happened
by Danessa Lincoln · The Markets DailyRiverside Resources Inc. (CVE:RRI – Get Free Report) shares rose 28.6% during trading on Friday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 812,298 shares were traded during mid-day trading, an increase of 329% from the average daily volume of 189,298 shares. The stock had previously closed at C$0.21.
Riverside Resources Stock Performance
The business has a 50 day moving average of C$0.21 and a two-hundred day moving average of C$0.19. 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.
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.