Rio Silver (CVE:RYO) Trading Up 8.1% – What’s Next?

Rio Silver Inc. (CVE:RYO)’s share price was up 8.1% during mid-day trading on Tuesday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 105,587 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 328,397 shares. The stock had previously closed at C$0.37.

Rio Silver Stock Performance

The company’s fifty day moving average price is C$0.65 and its 200 day moving average price is C$0.47. The firm has a market capitalization of C$15.66 million, a price-to-earnings ratio of 20.00 and a beta of 0.61.

About Rio Silver

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.