Shares of Riverside Resources Inc. (CVE:RRI – Get Free Report) shot up 2.6% during mid-day trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.40. 54,918 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 76,068 shares. The stock had previously closed at C$0.39.
Riverside Resources Price Performance
The stock has a market capitalization of C$37.38 million, a P/E ratio of 20.00 and a beta of 1.33. The stock’s fifty day moving average is C$0.31 and its 200-day moving average is C$0.27.
About Riverside Resources
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.
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