Shares of Rio Silver Inc. (CVE:RYO – Get Free Report) fell 20% on Thursday . The company traded as low as C$0.40 and last traded at C$0.40. 114,145 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 106,560 shares. The stock had previously closed at C$0.50.
Rio Silver Trading Up 2.4%
The firm has a market capitalization of C$16.44 million, a P/E ratio of 21.00 and a beta of 0.13. The stock has a 50 day simple moving average of C$0.56 and a 200-day simple moving average of C$0.33.
About Rio Silver
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. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.
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