Shares of Rio Silver Inc. (CVE:RYO – Get Free Report) rose 18.9% on Friday . The stock traded as high as C$0.68 and last traded at C$0.63. Approximately 645,665 shares changed hands during mid-day trading, an increase of 391% from the average daily volume of 131,471 shares. The stock had previously closed at C$0.53.
Rio Silver Stock Performance
The business has a 50 day moving average price of C$0.56 and a 200-day moving average price of C$0.34. The company has a market capitalization of C$24.66 million, a price-to-earnings ratio of 31.50 and a beta of 0.13.
Rio Silver Company Profile
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. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.
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