There have been a number of stocks which have managed to record significant gains among investors over the course of the past week and one of those is the Riverside Resources Inc (OTCMKTS:RVSDF) stock. The stock has been in considerable focus during the period and has managed to clock gains of as much as 11% as a consequence.
Trading Data
On Wednesday, RVSDF stock ended flat at $0.1241 with more than 9.60k shares, compared to its average volume of 60.15k shares. The stock has moved within a range of $0.1241 – 0.1257 after opening trade at $0.1246.
Recent News
It should be noted that on Wednesday, the Riverside Resources stock was in focus once again among investors after the company made a key announcement. The company reported that it had obtained high grade surface sample assay results from the latest exploration programme that had been conducted at the La Union Project.
The project in question is located in Sonora in Mexico. It goes without saying that it was a major announcement from the company and it is going to be interesting to see if the positive results lead to further bullish triggers for the Riverside Resources stock. That being said, it is also necessary for investors to keep in mind that the project is still at the early stages and further information is probably needed before investors can make a decision about the stock one way or another.
Technical Data
RVSDF stock is trading above the 20-Day and 50-Day Moving averages of $0.12 and $0.12 respectively. However, the stock is trading below the 200-Day moving average of $0.14. The stock is up 7% in the past month.
