Riverside Resources (CVE:RRI) Sets New 12-Month High – Still a Buy?

Shares of Riverside Resources Inc. (CVE:RRIGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.29 and last traded at C$0.29, with a volume of 188150 shares traded. The stock had previously closed at C$0.28.

Riverside Resources Stock Performance

The firm has a market capitalization of C$26.63 million, a price-to-earnings ratio of 28.50 and a beta of 1.32. The firm has a fifty day moving average price of C$0.23 and a 200 day moving average price of C$0.22.

Riverside Resources Company Profile

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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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