Rio2 Limited (CVE:RIO - Get Free Report) shares rose 11% during mid-day trading on Wednesday . The company traded as high as C$1.62 and last traded at C$1.62. Approximately 1,876,533 shares traded hands during trading, an increase of 290% from the average daily volume of 481,753 shares. The stock had previously closed at C$1.46.
Wall Street Analyst Weigh In
Separately, Atrium Research upgraded Rio2 to a "strong-buy" rating in a research note on Thursday, March 13th.
View Our Latest Stock Analysis on RIO
Rio2 Stock Up 1.3%
The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 17.39. The stock has a market capitalization of C$486.53 million, a PE ratio of -23.45 and a beta of 2.36. The business has a 50 day moving average of C$1.20 and a two-hundred day moving average of C$0.91.
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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