Shares of Rio Silver Inc. (CVE:RYO – Get Free Report) shot up 13.2% during mid-day trading on Friday . The company traded as high as C$0.60 and last traded at C$0.60. 150,351 shares traded hands during trading, an increase of 34% from the average session volume of 112,224 shares. The stock had previously closed at C$0.53.
Rio Silver Trading Up 26.4%
The business has a 50-day moving average price of C$0.56 and a 200 day moving average price of C$0.34. The stock has a market cap of C$26.22 million, a PE ratio of 33.50 and a beta of 0.13.
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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