Rio Silver (CVE:RYO) Shares Up 30.4% – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) shares rose 30.4% on Tuesday . The company traded as high as C$0.44 and last traded at C$0.37. Approximately 337,964 shares were traded during mid-day trading, an increase of 964% from the average daily volume of 31,763 shares. The stock had previously closed at C$0.28.

Rio Silver Stock Performance

The firm has a market cap of C$6.96 million, a price-to-earnings ratio of 13.67 and a beta of 0.19. The business has a fifty day moving average of C$0.26 and a two-hundred day moving average of C$0.14.

Rio Silver Company Profile

(Get Free Report)

Rio Silver Inc engages in the acquisition, evaluation, and development of mineral properties in Canada and Peru. The company explores for precious and base metal deposits. Its flagship project is the Niñobamba silver gold project that covers an area of 4,490 hectares located in the Department of Ayacucho, Peru.

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