Riverside Resources (CVE:RRI) Stock Price Up 35.7% – Still a Buy?

Riverside Resources Inc. (CVE:RRI)’s stock price was up 35.7% on Friday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 1,319,534 shares were traded during mid-day trading, an increase of 354% from the average daily volume of 290,745 shares. The stock had previously closed at C$0.21.

Riverside Resources Trading Up 35.7%

The stock has a 50-day simple moving average of C$0.21 and a 200 day simple moving average of C$0.19. The stock has a market capitalization of C$26.57 million, a price-to-earnings ratio of -14.25 and a beta of 1.32.

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.