Rio Silver (CVE:RYO) Trading Down 16.7% – Here’s What Happened

Rio Silver Inc. (CVE:RYO) shares were down 16.7% during trading on Wednesday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 371,103 shares changed hands during mid-day trading, an increase of 744% from the average daily volume of 43,971 shares. The stock had previously closed at C$0.60.

Rio Silver Stock Performance

The firm has a market capitalization of C$8.48 million, a PE ratio of 25.00 and a beta of 0.53. The company’s fifty day moving average price is C$0.42 and its two-hundred day moving average price is C$0.24.

Rio Silver Company Profile

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. The company was formerly known as Escape Gold Inc and changed its name to Rio Silver Inc in October 2011. The company is based in Vancouver, Canada.