Riverside Resources (CVE:RRI) Hits New 52-Week High – Still a Buy?

Riverside Resources Inc. (CVE:RRI)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.23 and last traded at C$0.21, with a volume of 89903 shares trading hands. The stock had previously closed at C$0.22.

Riverside Resources Price Performance

The company’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. The firm has a market cap of C$16.45 million, a P/E ratio of -11.00 and a beta of 0.86.

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.