Rio Silver (CVE:RYO) Shares Up 30.4% – Should You Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) traded up 30.4% on Tuesday . The company traded as high as C$0.44 and last traded at C$0.37. 337,964 shares traded hands during trading, an increase of 964% from the average session volume of 31,763 shares. The stock had previously closed at C$0.28.

Rio Silver Price Performance

The firm’s fifty day moving average is C$0.25 and its two-hundred day moving average is C$0.14. The firm has a market cap of C$6.19 million, a price-to-earnings ratio of 12.17 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 Niñobamba silver gold project that covers an area of 4,490 hectares located in the Department of Ayacucho, Peru.

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