Riverside Resources (CVE:RRI) Stock Price Down 6% – Here’s Why

Riverside Resources Inc. (CVE:RRI) traded down 6% during mid-day trading on Monday . The company traded as low as C$0.23 and last traded at C$0.24. 13,000 shares were traded during trading, a decline of 83% from the average session volume of 77,822 shares. The stock had previously closed at C$0.25.

Riverside Resources Trading Down 6.0%

The firm has a 50-day moving average price of C$0.24 and a 200-day moving average price of C$0.22. The company has a market capitalization of C$21.91 million, a price-to-earnings ratio of 23.50 and a beta of 1.25.

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.