Rio Silver (CVE:RYO) Sets New 52-Week Low – Should You Sell?

Rio Silver Inc. (CVE:RYOGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 80000 shares changing hands. The stock had previously closed at C$0.03.

Rio Silver Trading Down 20.0 %

The firm has a market cap of C$1.70 million, a P/E ratio of -2.00 and a beta of 1.95. The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

Insider Transactions at Rio Silver

In other news, Director Steven Samuel Brunelle sold 3,500,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$0.03, for a total transaction of C$87,500.00. 30.45% of the stock is owned by company insiders.

Rio Silver Company Profile

(Get Free Report)

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 Niñobamba silver gold project that covers an area of 4,490 hectares located in the Department of Ayacucho, Peru.

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