The stock of Riverside Resources Inc. (CVE:RRI) hit a new 52-week high and has $0.85 target or 70.00% above today’s $0.50 share price. The 8 months bullish chart indicates low risk for the $18.03 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $0.85 price target is reached, the company will be worth $12.62M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 221,375 shares traded hands or 267.85% up from the average. Riverside Resources Inc. (CVE:RRI) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent Riverside Resources Inc. (CVE:RRI) news were published by: Marketwired.com which released: “Riverside Resources Inc.: Two Drill Rigs Arrive and Drilling Commences at the …” on March 07, 2016, also Marketwatch.com with their article: “Drilling Commences at Riverside’s Thor Copper Project in Sonora, Mexico” published on October 27, 2016, Finance.Yahoo.com published: “Riverside Receives $650000 in Proceeds From Private Sale of 3000000 Croesus …” on October 31, 2016. More interesting news about Riverside Resources Inc. (CVE:RRI) were released by: Marketwired.com and their article: “Partner Funded Exploration Work Now Underway at Riverside’s Glor Gold Project” published on September 12, 2016 as well as Marketwired.com‘s news article titled: “Riverside Appoints Ron Burk as Vice President of Exploration” with publication date: September 06, 2016.
Riverside Resources Inc. is a Canada mineral exploration and development company. The company has a market cap of $18.03 million. The Firm is engaged in the acquisition, exploration and development of exploration and evaluation assets in the Americas, including Canada, the United States and Mexico. It currently has negative earnings. The Company’s business segment is the exploration of exploration and evaluation assets.
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