Rio Silver (CVE:RYO) Trading 18.9% Higher – Should You Buy?

Rio Silver Inc. (CVE:RYO)’s share price was up 18.9% on Friday . The company traded as high as C$0.68 and last traded at C$0.63. Approximately 645,665 shares changed hands during mid-day trading, an increase of 391% from the average daily volume of 131,471 shares. The stock had previously closed at C$0.53.

Rio Silver Stock Performance

The firm has a market capitalization of C$24.66 million, a price-to-earnings ratio of 31.50 and a beta of 0.13. The company has a 50-day moving average price of C$0.56 and a 200-day moving average price of C$0.34.

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.