Rio Silver (CVE:RYO) Shares Up 25% – Time to Buy?

Shares of Rio Silver Inc. (CVE:RYOGet Free Report) shot up 25% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 187,000 shares were traded 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 stock has a market cap of C$2.12 million, a PE ratio of -2.50 and a beta of 1.95. The company’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.02.

Rio Silver Company Profile

(Get Free Report)

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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