Shares of Riverside Resources Inc. (CVE:RRI – Get Free Report) were down 10.3% during mid-day trading on Tuesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 178,000 shares were traded during trading, an increase of 129% from the average daily volume of 77,802 shares. The stock had previously closed at C$0.29.
Riverside Resources Price Performance
The stock’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.24. The firm has a market cap of C$24.30 million, a price-to-earnings ratio of 13.00 and a beta of 1.20.
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.
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