Looking at other mining stocks it appears that RVR is not the only one down. The ever increasing worldwide C-19 cases may in part be a silent contributor. Markets seem to treat smaller companies much harsher even at the best of times.
But whatever blame or excuse there may be for the recent fall - as long as profits flow, SP should turn around - a matter of time not so much if - perhaps just need to view with a longer term horizon.
Canaccord's valuation is not based on a week or a month but rather a year or so and if it at least reaches their level in that timeframe that would not be such a bad outcome. Bear in mind that their valuation may be a little conservative and often subject to change (up/down).
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