Rio Silver (CVE:RYO) Trading Down 26.3% – Here’s Why

Rio Silver Inc. (CVE:RYO)’s share price traded down 26.3% during trading on Thursday . The company traded as low as C$0.71 and last traded at C$0.73. 1,622,170 shares traded hands during trading, an increase of 687% from the average session volume of 206,082 shares. The stock had previously closed at C$0.99.

Rio Silver Price Performance

The business has a 50-day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.44. The stock has a market cap of C$28.18 million, a price-to-earnings ratio of 36.00 and a beta of 0.61.

Rio Silver Company Profile

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.