Rio Silver (CVE:RYO) Trading Up 22% – Here’s Why

Rio Silver Inc. (CVE:RYOGet Free Report) shares shot up 22% during trading on Friday . The company traded as high as C$0.50 and last traded at C$0.50. 254,332 shares changed hands during trading, an increase of 661% from the average session volume of 33,402 shares. The stock had previously closed at C$0.41.

Rio Silver Price Performance

The company has a 50-day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.15. The stock has a market capitalization of C$8.48 million, a price-to-earnings ratio of 16.67 and a beta of 0.19.

Rio Silver Company Profile

(Get Free Report)

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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