Riverside Resources (CVE:RRI) Stock Price Up 4% – What’s Next?

Riverside Resources Inc. (CVE:RRI) shot up 4% during mid-day trading on Thursday . The stock traded as high as C$0.26 and last traded at C$0.26. 8,000 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 72,632 shares. The stock had previously closed at C$0.25.

Riverside Resources Price Performance

The company’s fifty day moving average price is C$0.26 and its 200 day moving average price is C$0.24. The company has a market cap of C$24.30 million, a PE ratio of 13.00 and a beta of 1.34.

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.