Rio Silver (CVE:RYO) Stock Price Down 26.3% – Here’s What Happened

Rio Silver Inc. (CVE:RYO)’s share price was down 26.3% during trading on Thursday . The stock traded as low as C$0.71 and last traded at C$0.73. Approximately 1,622,170 shares changed hands during trading, an increase of 687% from the average daily volume of 206,082 shares. The stock had previously closed at C$0.99.

Rio Silver Trading Down 17.7%

The stock has a market cap of C$19.96 million, a PE ratio of 25.50 and a beta of 0.61. The firm has a fifty day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.44.

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.