Rio Silver (CVE:RYO) Hits New 12-Month High – Should You Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$1.31 and last traded at C$1.25, with a volume of 400376 shares. The stock had previously closed at C$1.06.

Rio Silver Price Performance

The stock has a fifty day moving average price of C$0.61 and a two-hundred day moving average price of C$0.40. The company has a market cap of C$49.71 million, a P/E ratio of 63.50 and a beta of 0.13.

About Rio Silver

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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.

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