Riverside Resources (CVE:RRI) Sets New 12-Month High – What’s Next?

Riverside Resources Inc. (CVE:RRI)’s stock price reached a new 52-week high on Monday. The stock traded as high as C$0.46 and last traded at C$0.45, with a volume of 18808 shares changing hands. The stock had previously closed at C$0.45.

Riverside Resources Trading Down 4.4%

The business has a fifty day moving average price of C$0.41 and a two-hundred day moving average price of C$0.31. The company has a market cap of C$40.30 million, a price-to-earnings ratio of 21.50 and a beta of 1.05.

About Riverside Resources

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.