Rio Silver (CVE:RYO) Reaches New 52-Week Low – Should You Sell?

Rio Silver Inc. (CVE:RYO) shares reached a new 52-week low on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 21000 shares. The stock had previously closed at C$0.03.

Rio Silver Price Performance

The firm has a market cap of C$1.70 million, a P/E ratio of -1.50 and a beta of 1.95. The business’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

Insider Activity

In related news, Director Steven Samuel Brunelle sold 3,500,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$0.03, for a total transaction of C$87,500.00. 30.45% of the stock is owned by company insiders.

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.