Riverside Resources (CVE:RRI) Trading Down 7.1% – Time to Sell?

Riverside Resources Inc. (CVE:RRI) shares were down 7.1% during trading on Tuesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 173,150 shares were traded during mid-day trading, an increase of 261% from the average daily volume of 47,931 shares. The stock had previously closed at C$0.14.

Riverside Resources Stock Performance

The company has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 3.97. The firm has a market capitalization of C$9.72 million, a P/E ratio of -6.50 and a beta of 1.58.

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.