Riverside Resources (CVE:RRI) Trading Down 8.8%

Riverside Resources Inc. (CVE:RRI)’s share price was down 8.8% during mid-day trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 127,717 shares were traded during trading, an increase of 134% from the average daily volume of 54,638 shares. The stock had previously closed at C$0.17.

Riverside Resources Price Performance

The company has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 5.26. The company has a market capitalization of C$11.59 million, a price-to-earnings ratio of -7.75 and a beta of 1.58.

Riverside Resources (CVE:RRI) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C($0.01) earnings per share for the quarter.

About Riverside Resources

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.