Rio Silver (CVE:RYO) Trading Down 16.7% – Should You Sell?

Rio Silver Inc. (CVE:RYO)’s share price traded down 16.7% during trading on Wednesday . The company traded as low as C$0.50 and last traded at C$0.50. 371,103 shares traded hands during trading, an increase of 744% from the average session volume of 43,971 shares. The stock had previously closed at C$0.60.

Rio Silver Stock Performance

The company has a fifty day simple moving average of C$0.42 and a two-hundred day simple moving average of C$0.24. The stock has a market capitalization of C$8.48 million, a price-to-earnings ratio of 25.00 and a beta of 0.53.

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.