Rio Silver (CVE:RYO) Trading Down 3.6% – Should You Sell?

Rio Silver Inc. (CVE:RYO)’s stock price dropped 3.6% during mid-day trading on Tuesday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 104,627 shares traded hands during trading, a decline of 67% from the average daily volume of 314,984 shares. The stock had previously closed at C$0.42.

Rio Silver Stock Down 3.6%

The stock has a market capitalization of C$15.66 million, a P/E ratio of 20.00 and a beta of 0.61. The firm’s 50-day simple moving average is C$0.67 and its 200 day simple moving average is C$0.46.

Rio Silver Company Profile

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.