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

Shares of Rio Silver Inc. (CVE:RYOGet Free Report) 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 changed hands during 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 Price Performance

The business’s 50-day moving average price is C$0.26 and its two-hundred day moving average price is C$0.14. 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.

About Rio Silver

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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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