Riverside Resources (CVE:RRI) Down 8.8%

Riverside Resources Inc. stock price (CVE:RRI – Get Free Report) fell 8.8% in afternoon trading on Friday. The stock traded as low as €0.16 and last traded at €0.16. About 127,717 shares traded during trading, an increase of 134% over the average daily volume of 54,638 shares. The stock previously closed at €0.17.

Riverbank Resources Price Performance

The company has a fifty day simple moving average of $0.14 and a two hundred day simple moving average of $0.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.69 and a current ratio of 5.26. The company has a market capitalization of C$11.59 million, a price-to-earnings ratio of -7.75 and a beta of 1.58.

Riverside Resources (CVE:RRI – Get Free Report) posted its latest quarterly results on Wednesday, February 28. The company reported earnings per share of C ($0.01) for the quarter.

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 mainly explores for gold, silver, rare earth elements (REE) and copper deposits. The company has a 100% interest in the Oakes Gold project covering approximately 5,600 hectares; the Pichette covers 1,650 hectares; and the Longrose and Vincent projects in northwestern Ontario, Canada, as well as the approximately 600-acre Duc project in Ontario, Canada; and the Revel project includes 1,100 hectares located in northern Revelstoke, British Columbia.

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