Rio Silver (CVE:RYO) Shares Up 8.1% – Time to Buy?

Shares of Rio Silver Inc. (CVE:RYO) shot up 8.1% on Tuesday . The stock traded as high as C$0.40 and last traded at C$0.40. 105,587 shares traded hands during trading, a decline of 68% from the average session volume of 328,397 shares. The stock had previously closed at C$0.37.

Rio Silver Price Performance

The stock’s 50-day moving average price is C$0.64 and its 200-day moving average price is C$0.47. The company has a market cap of C$18.40 million, a P/E ratio of 23.50 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.