Rio2 (CVE:RIO) Reaches New 12-Month High - Here's Why

Key Points

• Rio2 Limited's shares reached a new 52-week high at C$1.87, with the last trade at C$1.83 and a trading volume of 148,935 shares.
• The company has a market capitalization of C$806.30 million and a debt-to-equity ratio of 0.44.
• Rio2 engages in the exploration, development, and mining of mineral properties, holding 100% of the Fenix Gold Project in Chile.

Rio2 Limited (CVE:RIO - ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.87 and last traded at C$1.83, with a volume of 148935 shares traded. The stock had previously closed at C$1.82.

Rio2 Trading Up 3.6%

The company has a market cap of C$806.30 million, a PE ratio of -26.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 1.10. The company has a 50-day moving average of C$1.59 and a 200 day moving average of C$1.18.

Rio2 Company Profile

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.

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