Riverside Resources (CVE:RRI) Trading Up 35.7% – Still a Buy?

Riverside Resources Inc. (CVE:RRI) shares rose 35.7% during mid-day trading on Saturday . The stock traded as high as C$0.29 and last traded at C$0.29. 1,319,534 shares traded hands during mid-day trading, an increase of 354% from the average session volume of 290,745 shares. The stock had previously closed at C$0.21.

Riverside Resources Stock Up 35.7%

The firm has a market capitalization of C$26.57 million, a PE ratio of -14.25 and a beta of 1.32. The company’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.19.

Riverside Resources Company Profile

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.