Rio Silver (CVE:RYO) Trading Up 9.1% – Still a Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) traded up 9.1% during mid-day trading on Monday . The company traded as high as C$0.37 and last traded at C$0.36. 124,185 shares were traded during trading, a decline of 63% from the average session volume of 334,643 shares. The stock had previously closed at C$0.33.

Rio Silver Stock Up 12.1%

The company has a market capitalization of C$21.79 million, a price-to-earnings ratio of -1.85 and a beta of 1.36. The business’s 50-day moving average is C$0.43 and its 200-day moving average is C$0.52.

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 NiƱobamba 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.

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