Rio Silver (CVE:RYO) Trading Up 18.9% – Still a Buy?

Rio Silver Inc. (CVE:RYO) shares were up 18.9% on Friday . The stock traded as high as C$0.68 and last traded at C$0.63. Approximately 645,665 shares changed hands during mid-day trading, an increase of 391% from the average daily volume of 131,471 shares. The stock had previously closed at C$0.53.

Rio Silver Price Performance

The firm has a fifty day simple moving average of C$0.56 and a 200-day simple moving average of C$0.34. The firm has a market cap of C$24.66 million, a P/E ratio of 31.50 and a beta of 0.13.

About Rio Silver

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.