Riverside Resources (CVE:RRI) Trading Down 7.4%

Shares of Riverside Resources Inc. (CVE:RRI) dropped 7.4% during trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 76,000 shares were traded during trading, an increase of 59% from the average daily volume of 47,803 shares. The stock had previously closed at C$0.14.

Riverside Resources Trading Down 7.4 %

The company has a market cap of C$9.35 million, a price-to-earnings ratio of -6.25 and a beta of 1.58. The company has a quick ratio of 1.69, a current ratio of 5.26 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.12.

Riverside Resources (CVE:RRI) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.01) EPS for the quarter.

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.