Riverside Resources (CVE:RRI) Stock Jumps 4.2% – Here’s What Happened

Riverside Resources Inc. (CVE:RRI) was up 4.2% on Wednesday. The company traded as high as C$0.38 and last traded at C$0.38. 500 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 77,664 shares. The stock had previously closed at C$0.36.

Riverside Resources Stock Performance

The firm has a 50-day moving average of C$0.40 and a 200-day moving average of C$0.31. The firm has a market capitalization of C$32.33 million, a P/E ratio of 17.25 and a beta of 0.67.

Insider Buying and Selling at Riverside Resources

In other Riverside Resources news, insider Jeffrey Dare sold 110,000 shares of Riverside Resources 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 transaction of C$42,900.00. Following the sale, the insider directly owned 25,500 shares of the company’s stock, valued at approximately C$9,945. The trade was a 81.18% decrease in their position. Insiders own 5.12% of the company’s stock.

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.