Riverside Resources (CVE:RRI) Trading Up 19% – What’s Next?

Riverside Resources Inc. (CVE:RRI)’s share price shot up 19% during mid-day trading on Friday . The stock traded as high as C$0.26 and last traded at C$0.25. 590,698 shares changed hands during trading, an increase of 366% from the average session volume of 126,712 shares. The stock had previously closed at C$0.21.

Riverside Resources Price Performance

The stock has a 50-day simple moving average of C$0.21 and a 200-day simple moving average of C$0.19. The stock has a market cap of C$26.57 million, a PE 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.