Riverside Resources (CVE:RRI) Shares Down 4.5% – Here’s What Happened

Riverside Resources Inc. (CVE:RRI) dropped 4.5% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 58,078 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 96,360 shares. The stock had previously closed at C$0.22.

Riverside Resources Trading Down 4.5%

The firm has a market capitalization of C$19.58 million, a P/E ratio of 7.00 and a beta of 1.31. The company’s fifty day moving average is C$0.23 and its 200-day moving average is C$0.21.

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.