Rio Silver (CVE:RYO) Trading 25% Higher – Should You Buy?

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price traded up 25% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 187,000 shares changed hands during mid-day trading, an increase of 263% from the average session volume of 51,484 shares. The stock had previously closed at C$0.02.

Rio Silver Trading Up 25.0 %

The company has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The stock has a market cap of C$2.12 million, a P/E ratio of -2.50 and a beta of 1.95.

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.

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