Rio Silver (CVE:RYO) Stock Price Up 18.9% – Time to Buy?
by Sarita Garza · The Markets DailyRio Silver Inc. (CVE:RYO – Get Free Report) shares traded up 18.9% during mid-day trading on Saturday . The company traded as high as C$0.68 and last traded at C$0.63. 645,665 shares were traded during mid-day trading, an increase of 391% from the average session volume of 131,471 shares. The stock had previously closed at C$0.53.
Rio Silver Trading Up 18.9%
The stock has a fifty day moving average of C$0.56 and a two-hundred day moving average of C$0.34. The company has a market capitalization of C$24.66 million, a PE ratio of 31.50 and a beta of 0.13.
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.