Rio Silver (CVE:RYO) Reaches New 1-Year High – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$0.65 and last traded at C$0.66, with a volume of 86430 shares trading hands. The stock had previously closed at C$0.60.

Rio Silver Price Performance

The company’s 50-day moving average is C$0.47 and its 200-day moving average is C$0.27. The firm has a market capitalization of C$25.44 million, a price-to-earnings ratio of 32.50 and a beta of 0.25.

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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