Riverside Resources (CVE:RRI) Reaches New 52-Week High – Still a Buy?

Shares of Riverside Resources Inc. (CVE:RRI) hit a new 52-week high on Thursday . The stock traded as high as C$0.20 and last traded at C$0.19, with a volume of 121944 shares traded. The stock had previously closed at C$0.18.

Riverside Resources Stock Up 5.6 %

The firm has a 50 day moving average of C$0.15 and a two-hundred day moving average of C$0.14. The firm has a market capitalization of C$13.26 million, a price-to-earnings ratio of -14.30 and a beta of 1.58.

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.