Riverside Resources (CVE:RRI) Trading 6.8% Higher – Should You Buy?

Riverside Resources Inc. (CVE:RRI) shares were up 6.8% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 74,966 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 127,517 shares. The stock had previously closed at C$0.22.

Riverside Resources Stock Performance

The company has a market cap of C$21.91 million, a price-to-earnings ratio of -11.75 and a beta of 1.32. The stock’s fifty day simple moving average is C$0.23 and its two-hundred day simple moving average is C$0.20.

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.