Rio Silver (CVE:RYO) Stock Price Up 8.1% – Time to Buy?

Rio Silver Inc. (CVE:RYO)’s stock price was up 8.1% during trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 105,587 shares traded hands during trading, a decline of 68% from the average daily volume of 328,397 shares. The stock had previously closed at C$0.37.

Rio Silver Stock Performance

The firm has a market capitalization of C$15.66 million, a P/E ratio of 20.00 and a beta of 0.61. The stock has a fifty day moving average price of C$0.65 and a two-hundred day moving average price of C$0.47.

About Rio Silver

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.