Rio Silver (CVE:RYO) Trading Down 6.7% – Time to Sell?

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price dropped 6.7% during mid-day trading on Tuesday . The company traded as low as C$0.28 and last traded at C$0.28. 41,728 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 302,060 shares. The stock had previously closed at C$0.30.

Rio Silver Trading Up 3.8%

The business’s fifty day simple moving average is C$0.33 and its 200 day simple moving average is C$0.50. The stock has a market cap of C$15.98 million, a P/E ratio of -1.23 and a beta of 1.39.

About Rio Silver

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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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