Riverside Resources (CVE:RRI) Hits New 52-Week High – What’s Next?

Riverside Resources Inc. (CVE:RRI) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$0.45 and last traded at C$0.42, with a volume of 26902 shares. The stock had previously closed at C$0.42.

Riverside Resources Stock Performance

The firm’s fifty day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.30. The company has a market capitalization of C$40.30 million, a price-to-earnings ratio of 21.50 and a beta of 1.05.

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.