Shares of Rio Silver Inc. (CVE:RYO – Get Free Report) dropped 15.7% during trading on Friday . The stock traded as low as C$1.22 and last traded at C$1.29. Approximately 163,780 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 190,107 shares. The stock had previously closed at C$1.53.
Rio Silver Stock Performance
The company has a market capitalization of C$44.62 million, a PE ratio of 57.00 and a beta of 0.61. The company’s 50-day simple moving average is C$0.65 and its 200-day simple moving average is C$0.42.
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.
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