Riverside Resources (CVE:RRI) Stock Price Down 7.1% – Time to Sell?

Riverside Resources Inc. (CVE:RRI) shares fell 7.1% during mid-day trading on Wednesday . The company traded as low as C$0.13 and last traded at C$0.13. 109,600 shares were traded during trading, an increase of 228% from the average session volume of 33,402 shares. The stock had previously closed at C$0.14.

Riverside Resources Stock Performance

The firm’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.14. The firm 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 debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 3.97.

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.