Riverside Resources (CVE:RRI) Trading Down 3.6%

Shares of Riverside Resources Inc. (CVE:RRIGet Free Report) dropped 3.6% during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 37,500 shares traded hands during trading, a decline of 28% from the average daily volume of 51,840 shares. The stock had previously closed at C$0.14.

Riverside Resources Price Performance

The company has a 50 day simple moving average of C$0.14 and a 200 day simple moving average of C$0.14. The company has a market capitalization of C$10.84 million, a price-to-earnings ratio of -7.25 and a beta of 1.58. The company has a quick ratio of 1.69, a current ratio of 4.73 and a debt-to-equity ratio of 0.31.

About Riverside Resources

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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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