Riverside Resources (CVE:RRI) Reaches New 52-Week High – Still a Buy?

Riverside Resources Inc. (CVE:RRIGet Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.42 and last traded at C$0.43, with a volume of 157645 shares changing hands. The stock had previously closed at C$0.42.

Riverside Resources Trading Up 2.4%

The company has a market cap of C$40.65 million, a PE ratio of 21.75 and a beta of 1.33. The business has a fifty day simple moving average of C$0.33 and a two-hundred day simple moving average of C$0.28.

Riverside Resources Company Profile

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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.

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