Riverside Resources (CVE:RRI) Shares Up 4% – What’s Next?

Riverside Resources Inc. (CVE:RRI) shares rose 4% on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 29,000 shares changed hands during trading, a decline of 37% from the average daily volume of 46,237 shares. The stock had previously closed at C$0.13.

Riverside Resources Stock Up 4.0 %

The stock has a fifty day moving average of C$0.13 and a 200-day moving average of C$0.14. The firm has a market capitalization of C$9.72 million, a price-to-earnings ratio of -6.50 and a beta of 1.58. The company has a current ratio of 3.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.31.

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.