Rio Silver (CVE:RYO) Stock Price Up 25% – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) rose 25% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 187,000 shares changed hands during trading, an increase of 263% from the average daily volume of 51,484 shares. The stock had previously closed at C$0.02.

Rio Silver Stock Performance

The stock has a market cap of C$2.12 million, a PE ratio of -2.50 and a beta of 1.95. The company’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

Rio Silver Company Profile

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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.

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