Riverside Resources (CVE:RRI) Stock Price Up 4% – Still a Buy?

Riverside Resources Inc. (CVE:RRIGet Free Report) traded up 4% on Tuesday . The company traded as high as C$0.13 and last traded at C$0.13. 29,000 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 46,237 shares. The stock had previously closed at C$0.13.

Riverside Resources Stock Up 4.0 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 3.97 and a quick ratio of 1.69. The company has a fifty day moving average price of C$0.13 and a 200 day moving average price of C$0.14. The company has a market cap of C$9.72 million, a PE ratio of -6.50 and a beta of 1.58.

About Riverside Resources

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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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