Rio2 (CVE:RIO) Sets New 1-Year High - Here's Why

Key Points

• Rio2 Limited shares reached a new 52-week high of C$1.68 during trading, showing a significant increase from its previous close of C$1.63.
• The company's market capitalization stands at C$510.56 million, with a notable P/E ratio of -24.61 and a beta of 2.36, indicating higher volatility compared to the market.
• Rio2 is primarily engaged in the exploration and mining of mineral properties, notably holding a 100% interest in the Fenix Gold Project in Chile.

Rio2 Limited (CVE:RIO - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$1.68 and last traded at C$1.68, with a volume of 491801 shares trading hands. The stock had previously closed at C$1.63.

Rio2 Trading Down 1.2%

The stock has a market cap of C$501.55 million, a PE ratio of -24.18 and a beta of 2.36. The business's fifty day moving average is C$1.50 and its 200 day moving average is C$1.10. The company has a quick ratio of 1.10, a current ratio of 17.39 and a debt-to-equity ratio of 0.44.

About Rio2

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.