Rio Silver (CVE:RYO) Stock Price Up 55.4% – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report)’s stock price rose 55.4% on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 239,065 shares traded hands during mid-day trading, an increase of 700% from the average daily volume of 29,895 shares. The stock had previously closed at C$0.28.

Rio Silver Stock Up 35.7%

The business’s fifty day moving average is C$0.25 and its 200-day moving average is C$0.14. The company has a market cap of C$6.45 million, a PE ratio of 12.67 and a beta of 0.19.

About Rio Silver

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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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