Rio Silver (CVE:RYO) Shares Up 25% – Time to Buy?

Rio Silver Inc. (CVE:RYOGet Free Report) shares shot up 25% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 187,000 shares traded hands during trading, an increase of 263% from the average session volume of 51,484 shares. The stock had previously closed at C$0.02.

Rio Silver Trading Up 25.0 %

The stock has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The firm has a market cap of C$2.12 million, a price-to-earnings ratio of -2.50 and a beta of 1.95.

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

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