Rio Silver (CVE:RYO) Trading Down 6.7% – Time to Sell?

Rio Silver Inc. (CVE:RYOGet Free Report)’s share price traded down 6.7% during mid-day trading on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 41,728 shares were traded during trading, a decline of 86% from the average daily volume of 302,060 shares. The stock had previously closed at C$0.30.

Rio Silver Price Performance

The firm’s fifty day simple moving average is C$0.34 and its 200 day simple moving average is C$0.50. The company has a market capitalization of C$16.58 million, a PE ratio of -1.27 and a beta of 1.39.

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. 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.

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