Riverside Resources (CVE:RRI) Trading Down 3.6% – Time to Sell?

Riverside Resources Inc. (CVE:RRI) dropped 3.6% during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 41,500 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 48,584 shares. The stock had previously closed at C$0.14.

Riverside Resources Price Performance

The business has a 50-day moving average price of C$0.14 and a 200-day moving average price of C$0.14. The firm has a market cap of C$10.10 million, a P/E ratio of -6.75 and a beta of 1.58. The company has a current ratio of 3.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.31.

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.