Rio Silver (CVE:RYO) Trading 15.1% Higher – What’s Next?

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price shot up 15.1% during trading on Friday . The stock traded as high as C$0.67 and last traded at C$0.61. 324,842 shares were traded during mid-day trading, an increase of 168% from the average session volume of 121,057 shares. The stock had previously closed at C$0.53.

Rio Silver Trading Up 18.9%

The firm’s 50 day moving average is C$0.56 and its two-hundred day moving average is C$0.34. The stock has a market cap of C$24.66 million, a price-to-earnings ratio of 31.50 and a beta of 0.13.

About Rio Silver

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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.

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