Rio2 Limited (CVE:RIO - Get Free Report) shares rose 1.7% during mid-day trading on Tuesday . The stock traded as high as C$1.24 and last traded at C$1.23. Approximately 285,333 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 468,786 shares. The stock had previously closed at C$1.21.
Wall Street Analysts Forecast Growth
Separately, Atrium Research raised shares of Rio2 to a "strong-buy" rating in a research note on Thursday, March 13th.
Get Our Latest Stock Report on RIO
Rio2 Price Performance
The company has a fifty day simple moving average of C$1.03 and a 200-day simple moving average of C$0.82. The company has a market cap of C$396.43 million, a P/E ratio of -19.11 and a beta of 2.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 1.10.
Rio2 Company Profile
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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.
Further Reading
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