Riverside Resources (CVE:RRI) Trading Down 4.3% – Should You Sell?

Riverside Resources Inc. (CVE:RRI) dropped 4.3% during mid-day trading on Monday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 59,833 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 75,152 shares. The stock had previously closed at C$0.24.

Riverside Resources Stock Down 4.3%

The stock’s 50-day moving average is C$0.23 and its 200 day moving average is C$0.22. The stock has a market capitalization of C$20.98 million, a PE ratio of 22.50 and a beta of 1.34.

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.