Riverside Resources (CVE:RRI) Trading Down 7.1% – Time to Sell?

Riverside Resources Inc. (CVE:RRI) traded down 7.1% on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13. 173,150 shares changed hands during trading, an increase of 261% from the average session volume of 47,931 shares. The stock had previously closed at C$0.14.

Riverside Resources Stock Down 7.1 %

The company has a market cap of C$9.72 million, a P/E ratio of -6.50 and a beta of 1.58. The stock has a 50-day moving average of C$0.14 and a two-hundred day moving average of C$0.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 3.97.

Riverside Resources Company Profile

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.