Rio Silver (CVE:RYO) Trading Down 25% – What’s Next?

Rio Silver Inc. (CVE:RYOGet Free Report) shares dropped 25% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 210,000 shares traded hands during trading, an increase of 366% from the average daily volume of 45,042 shares. The stock had previously closed at C$0.02.

Rio Silver Price Performance

The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The stock has a market cap of C$1.27 million, a price-to-earnings ratio of -1.50 and a beta of 1.95.

Rio Silver Company Profile

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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 NiƱobamba silver gold project that covers an area of 4,490 hectares located in the Department of Ayacucho, Peru.

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