Riverside Resources (CVE:RRI) Trading Up 2.8% – Still a Buy?

Shares of Riverside Resources Inc. (CVE:RRI) were up 2.8% during mid-day trading on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 45,500 shares traded hands during trading, a decline of 23% from the average daily volume of 59,080 shares. The stock had previously closed at C$0.18.

Riverside Resources Stock Down 2.6 %

The company has a 50-day moving average of C$0.15 and a 200-day moving average of C$0.14. The company has a market cap of C$13.26 million, a PE ratio of -14.30 and a beta of 1.58.

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.