Riverside Resources (CVE:RRI) Shares Down 7.1% – Should You Sell?

Riverside Resources Inc. (CVE:RRI)’s stock price traded down 7.1% during trading on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. 109,600 shares traded hands during mid-day trading, an increase of 228% from the average session volume of 33,402 shares. The stock had previously closed at C$0.14.

Riverside Resources Price Performance

The company has a current ratio of 3.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is C$0.13 and its two-hundred day moving average price is C$0.14. The stock has a market cap of C$10.84 million, a PE ratio of -7.25 and a beta of 1.58.

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.