Rio Silver (CVE:RYO) Trading 25% Higher – Still a Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) rose 25% on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 187,000 shares traded hands during trading, an increase of 263% from the average daily volume of 51,484 shares. The stock had previously closed at C$0.02.

Rio Silver Trading Up 25.0 %

The company’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The company has a market cap of C$2.12 million, a price-to-earnings ratio of -2.50 and a beta of 1.95.

About Rio Silver

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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.

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