Rio Silver (CVE:RYO) Trading Up 13.2% – Still a Buy?

Rio Silver Inc. (CVE:RYO)’s share price shot up 13.2% during mid-day trading on Friday . The company traded as high as C$0.60 and last traded at C$0.60. 150,351 shares were traded during trading, an increase of 34% from the average session volume of 112,224 shares. The stock had previously closed at C$0.53.

Rio Silver Trading Up 18.9%

The firm’s 50-day moving average price is C$0.56 and its 200 day moving average price is C$0.34. The company has a market capitalization of C$24.66 million, a price-to-earnings ratio of 31.50 and a beta of 0.13.

About Rio Silver

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. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.