Rio2 (TSE:RIO) Given a C$5.50 Price Target at National Bank Financial

Rio2 (TSE:RIO) has been given a C$5.50 price objective by stock analysts at National Bank Financial in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 75.16% from the company’s previous close.

Rio2 Stock Up 6.1%

RIO stock traded up C$0.18 during midday trading on Friday, hitting C$3.14. 670,515 shares of the company’s stock were exchanged, compared to its average volume of 1,648,067. The company has a current ratio of 2.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Rio2 has a 12-month low of C$1.13 and a 12-month high of C$4.09. The firm has a 50 day moving average price of C$2.81 and a 200-day moving average price of C$2.97. The stock has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 314.00 and a beta of 2.27.

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.