Riverside Resources (CVE:RRI) Reaches New 52-Week High – Here’s Why

Riverside Resources Inc. (CVE:RRI)’s share price reached a new 52-week high on Friday . The stock traded as high as C$0.18 and last traded at C$0.18, with a volume of 145940 shares traded. The stock had previously closed at C$0.17.

Riverside Resources Trading Up 6.1 %

The company has a market cap of C$12.21 million, a PE ratio of -13.17 and a beta of 1.58. The firm has a 50 day moving average of C$0.14 and a two-hundred day moving average of C$0.14.

Riverside Resources Company Profile

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.