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

Shares of Riverside Resources Inc. (CVE:RRI) hit a new 52-week high on Tuesday . The company traded as high as C$0.45 and last traded at C$0.45, with a volume of 222321 shares. The stock had previously closed at C$0.42.

Riverside Resources Price Performance

The company has a 50-day simple moving average of C$0.37 and a 200-day simple moving average of C$0.29. The stock has a market cap of C$41.24 million, a PE ratio of 22.00 and a beta of 1.05.

Riverside Resources Company Profile

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.