Riverside Resources (CVE:RRI) Stock Price Up 35.7% – Should You Buy?

Riverside Resources Inc. (CVE:RRI) shot up 35.7% on Saturday . The stock traded as high as C$0.29 and last traded at C$0.29. 1,319,534 shares changed hands during trading, an increase of 354% from the average session volume of 290,745 shares. The stock had previously closed at C$0.21.

Riverside Resources Stock Up 35.7%

The firm has a market cap of C$26.57 million, a price-to-earnings ratio of -14.25 and a beta of 1.32. The stock’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.19.

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.