Riverside Resources (CVE:RRI) Shares Down 3.6% – What’s Next?

Riverside Resources Inc. (CVE:RRI)’s stock price traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. 49,000 shares were traded during mid-day trading, an increase of 1% from the average session volume of 48,518 shares. The stock had previously closed at C$0.14.

Riverside Resources Price Performance

The stock has a fifty day moving average of C$0.14 and a 200 day moving average of C$0.14. The stock has a market cap of C$10.10 million, a price-to-earnings ratio of -6.75 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.97 and a quick ratio of 1.69.

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.