Rio Silver (CVE:RYO) Trading 22% Higher – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) shares shot up 22% on Friday . The company traded as high as C$0.50 and last traded at C$0.50. 254,332 shares changed hands during trading, an increase of 661% from the average session volume of 33,402 shares. The stock had previously closed at C$0.41.

Rio Silver Stock Performance

The company has a 50-day moving average of C$0.27 and a 200-day moving average of C$0.15. The stock has a market capitalization of C$8.48 million, a price-to-earnings ratio of 16.67 and a beta of 0.19.

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.

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