Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Riverside Resources ( (TSE:RRI) ) just unveiled an announcement.
Riverside Resources Inc. announced the approval of its plan to spin out its subsidiary, Blue Jay Gold Corp., following a successful shareholder vote. This strategic move allows Riverside to concentrate on its core operations, while Blue Jay will focus on gold exploration in northwestern Ontario, a region with significant mining potential. The spin-out is expected to enhance shareholder value by enabling both companies to pursue focused strategies, with Blue Jay anticipated to list on the TSX Venture Exchange.
More about Riverside Resources
Riverside Resources Inc. operates in the mining industry, focusing on royalty generation and project generation targeting gold, copper, and rare earth elements in the Americas.
YTD Price Performance: 50.0%
Average Trading Volume: 59,894
Technical Sentiment Signal: Sell
Current Market Cap: C$14.21M
See more insights into RRI stock on TipRanks’ Stock Analysis page.