Rio Silver (CVE:RYO) Shares Up 5.9% – Here’s Why

Rio Silver Inc. (CVE:RYO)’s stock price shot up 5.9% on Wednesday . The stock traded as high as C$0.38 and last traded at C$0.36. 63,677 shares traded hands during trading, a decline of 76% from the average daily volume of 262,568 shares. The stock had previously closed at C$0.34.

Rio Silver Stock Performance

The company has a market capitalization of C$23.09 million, a price-to-earnings ratio of -1.77 and a beta of 1.42. The business’s 50-day simple moving average is C$0.29 and its 200-day simple moving average is C$0.43.

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.