Riverside Resources (CVE:RRI) Shares Up 4% – Time to Buy?

Riverside Resources Inc. (CVE:RRI)’s stock price was up 4% on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 29,000 shares were traded during trading, a decline of 37% from the average daily volume of 46,237 shares. The stock had previously closed at C$0.13.

Riverside Resources Stock Performance

The stock has a market capitalization of C$9.72 million, a PE ratio of -6.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 3.97. The firm has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.14.

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.