Insider Selling: Rio Silver (CVE:RYO) Director Sells 25,000 Shares of Stock
by Jessica Moore · The Cerbat GemRio Silver Inc. (CVE:RYO – Get Free Report) Director Steven Samuel Brunelle sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$0.45, for a total transaction of C$11,250.00. Following the transaction, the director directly owned 794,290 shares in the company, valued at approximately C$357,430.50. This represents a 3.05% decrease in their ownership of the stock.
Rio Silver Stock Up 3.5%
Shares of CVE:RYO traded up C$0.02 during trading on Wednesday, reaching C$0.45. 527,420 shares of the company traded hands, compared to its average volume of 347,023. The company’s 50 day moving average is C$0.54 and its two-hundred day moving average is C$0.52. The firm has a market capitalization of C$26.16 million, a PE ratio of 22.25 and a beta of 1.36. Rio Silver Inc. has a 52 week low of C$0.08 and a 52 week high of C$1.56.
About Rio Silver
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. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.