Riverside Resources (CVE:RRI) Stock Price Down 3.5% – Should You Sell?

Riverside Resources Inc. (CVE:RRI)’s share price traded down 3.5% during trading on Tuesday. The stock traded as low as C$0.40 and last traded at C$0.41. Approximately 153,001 shares traded hands during trading, an increase of 105% from the average session volume of 74,468 shares. The stock had previously closed at C$0.43.

Riverside Resources Stock Performance

The stock’s 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.32. The stock has a market capitalization of C$35.61 million, a PE ratio of 19.00 and a beta of 0.95.

About Riverside Resources

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.