Riverside Resources (CVE:RRI) Hits New 1-Year High – Should You Buy?

Riverside Resources Inc. (CVE:RRIGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 121944 shares. The stock had previously closed at C$0.18.

Riverside Resources Stock Performance

The stock has a market capitalization of C$13.26 million, a price-to-earnings ratio of -14.30 and a beta of 1.58. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.14.

Riverside Resources Company Profile

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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.

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