Riverside Resources (CVE:RRI) Insider Jeffrey Dare Sells 110,000 Shares of Stock

Riverside Resources Inc. (CVE:RRI) insider Jeffrey Dare sold 110,000 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of C$0.39, for a total value of C$42,900.00. Following the transaction, the insider directly owned 25,500 shares in the company, valued at approximately C$9,945. This represents a 81.18% decrease in their position.

Riverside Resources Price Performance

Shares of RRI stock traded down C$0.03 during trading on Tuesday, reaching C$0.35. The company had a trading volume of 37,022 shares, compared to its average volume of 81,714. The firm’s 50 day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.32. Riverside Resources Inc. has a one year low of C$0.18 and a one year high of C$0.46. The company has a market capitalization of C$32.80 million, a PE ratio of 17.50 and a beta of 0.95.

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.