Riverside Resources (CVE:RRI) Reaches New 1-Year High – Here’s Why

Riverside Resources Inc. (CVE:RRI) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.29 and last traded at C$0.29, with a volume of 188150 shares changing hands. The stock had previously closed at C$0.28.

Riverside Resources Stock Performance

The company has a market cap of C$26.63 million, a PE ratio of 28.50 and a beta of 1.32. The stock’s 50-day simple moving average is C$0.23 and its 200 day simple moving average is C$0.22.

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.