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

Rio Silver Inc. (CVE:RYO)’s share price traded down 25% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 160,416 shares changed hands during trading, an increase of 81% from the average session volume of 88,729 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 PE ratio of -1.50 and a beta of 1.95. The stock has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03.

Insider Buying and Selling

In related news, Director Steven Samuel Brunelle sold 3,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$0.03, for a total value of C$87,500.00. 30.45% of the stock is currently 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.