Rio Silver (CVE:RYO) Shares Up 22% – Here’s Why

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price was up 22% on Friday . The company traded as high as C$0.50 and last traded at C$0.50. Approximately 254,332 shares were traded during mid-day trading, an increase of 661% from the average daily volume of 33,402 shares. The stock had previously closed at C$0.41.

Rio Silver Trading Up 22.0%

The company has a market capitalization of C$8.48 million, a PE ratio of 16.67 and a beta of 0.19. The stock’s 50-day moving average is C$0.27 and its two-hundred day moving average is C$0.15.

Rio Silver Company Profile

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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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