Riverside Resources (CVE:RRI) Stock: Insider Jeffrey Dare Sells 110,000 Shares

Riverside Resources Inc. (CVE:RRI) insider Jeffrey Dare sold 110,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of C$0.39, for a total transaction of C$42,900.00. Following the transaction, the insider directly owned 25,500 shares of the company’s stock, valued at C$9,945. The trade was a 81.18% decrease in their ownership of the stock.

Riverside Resources Trading Up 4.3%

CVE RRI opened at C$0.36 on Thursday. The company has a 50-day moving average price of C$0.41 and a two-hundred day moving average price of C$0.32. Riverside Resources Inc. has a 52 week low of C$0.18 and a 52 week high of C$0.46. The stock has a market cap of C$34.21 million, a price-to-earnings ratio of 18.25 and a beta of 0.95.

Riverside Resources Company Profile

Riverside Resources Inc engages in the acquisition, exploration, and evaluation of assets in Canada, the United States, and Mexico. It primarily explores for gold, silver, rare earth elements (REE), and copper deposits. The company holds 100% interests in the Oakes Gold project covering an area of approximately 5,600 hectares; the Pichette comprises 1,650 hectares; and the Longrose and Vincent projects in located northwestern Ontario, Canada, as well as Duc project covering an area of approximately 600 hectares located in Ontario, Canada; and the Revel project includes 1,100 hectares located in the north of Revelstoke, British Columbia.