Rio Silver (CVE:RYO) Shares Up 8.9% – Should You Buy?

Rio Silver Inc. (CVE:RYO)’s stock price rose 8.9% on Monday . The company traded as high as C$0.43 and last traded at C$0.43. Approximately 135,295 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 310,008 shares. The stock had previously closed at C$0.40.

Rio Silver Trading Up 8.9%

The company has a market capitalization of C$16.83 million, a price-to-earnings ratio of 21.50 and a beta of 0.61. The firm’s 50 day simple moving average is C$0.67 and its 200-day simple moving average is C$0.46.

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.