Rio Silver (CVE:RYO) Stock Price Down 25% – Here’s Why

Rio Silver Inc. (CVE:RYOGet Free Report) shares dropped 25% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 210,000 shares traded hands during trading, an increase of 366% from the average daily volume of 45,042 shares. The stock had previously closed at C$0.02.

Rio Silver Price Performance

The stock has a market cap of C$1.27 million, a P/E ratio of -1.50 and a beta of 1.95. The firm’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

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

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