Rio Silver (CVE:RYO) Stock Price Up 8.7% – Should You Buy?

Rio Silver Inc. (CVE:RYO) shares rose 8.7% during trading on Friday . The company traded as high as C$0.44 and last traded at C$0.44. Approximately 160,269 shares changed hands during trading, a decline of 54% from the average daily volume of 349,407 shares. The stock had previously closed at C$0.40.

Rio Silver Stock Performance

The stock has a market cap of C$17.03 million, a price-to-earnings ratio of 21.75 and a beta of 1.49. The company’s 50 day simple moving average is C$0.59 and its two-hundred day simple moving average is C$0.51.

Rio Silver Company Profile

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.