Riverside Resources (CVE:RRI) Trading Up 7.7% – What’s Next?

Riverside Resources Inc. (CVE:RRI)’s stock price shot up 7.7% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.21. 120,500 shares were traded during mid-day trading, an increase of 75% from the average session volume of 68,817 shares. The stock had previously closed at C$0.20.

Riverside Resources Price Performance

The stock has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.18. The firm has a market cap of C$15.70 million, a P/E ratio of -10.50 and a beta of 1.22.

About Riverside Resources

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.