Rio Silver (CVE:RYO) Trading 22% Higher – Time to Buy?

Shares of Rio Silver Inc. (CVE:RYOGet Free Report) rose 22% during trading on Saturday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 254,332 shares changed hands during trading, an increase of 661% from the average daily volume of 33,402 shares. The stock had previously closed at C$0.41.

Rio Silver Trading Up 22.0%

The stock has a market capitalization of C$8.48 million, a P/E ratio of 16.67 and a beta of 0.19. The stock’s fifty day moving average price is C$0.27 and its two-hundred day moving average price is C$0.15.

Rio Silver Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Rio Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Silver and related companies with MarketBeat.com's FREE daily email newsletter.