Insider Selling: Riverside Resources (CVE:RRI) Insider Sells C$42,900.00 in Stock

Riverside Resources Inc. (CVE:RRI) insider Jeffrey Dare sold 110,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of C$0.39, for a total value of C$42,900.00. Following the transaction, the insider owned 25,500 shares in the company, valued at C$9,945. This represents a 81.18% decrease in their position.

Riverside Resources Trading Down 6.8%

Shares of RRI opened at C$0.34 on Friday. Riverside Resources Inc. has a 12 month low of C$0.18 and a 12 month high of C$0.46. The stock’s 50 day moving average is C$0.41 and its two-hundred day moving average is C$0.32. The firm has a market cap of C$31.87 million, a P/E ratio of 17.00 and a beta of 0.95.

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.