Rio Silver (CVE:RYO) Shares Up 13.2% – Should You Buy?

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price rose 13.2% on Friday . The stock traded as high as C$0.60 and last traded at C$0.60. Approximately 150,351 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 112,224 shares. The stock had previously closed at C$0.53.

Rio Silver Stock Performance

The stock has a market cap of C$26.22 million, a PE ratio of 33.50 and a beta of 0.13. The firm’s 50-day moving average is C$0.56 and its 200 day moving average is C$0.34.

About Rio Silver

(Get Free Report)

Rio Silver Inc engages in the acquisition, evaluation, and development of mineral properties in Canada and Peru. The company explores for precious and base metal deposits. Its flagship project is the Niñobamba silver gold project that covers an area of 4,490 hectares located in the Department of Ayacucho, Peru. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.

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