Riverside Resources (CVE:RRI) Shares Up 23.8% – Here’s Why

Shares of Riverside Resources Inc. (CVE:RRI) shot up 23.8% during trading on Friday . The company traded as high as C$0.27 and last traded at C$0.26. 970,295 shares were traded during trading, an increase of 341% from the average session volume of 220,197 shares. The stock had previously closed at C$0.21.

Riverside Resources Trading Up 35.7%

The stock has a market cap of C$26.57 million, a P/E ratio of -14.25 and a beta of 1.32. The business has a 50-day simple moving average of C$0.21 and a 200 day simple moving average of C$0.19.

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.