Shares of Rio2 Limited (CVE:RIO – Get Free Report) rose 2.9% during mid-day trading on Thursday . The stock traded as high as C$0.71 and last traded at C$0.70. Approximately 464,157 shares were traded during trading, an increase of 94% from the average daily volume of 239,440 shares. The stock had previously closed at C$0.68.
Rio2 Stock Up 2.9 %
The business’s 50 day moving average is C$0.64 and its 200 day moving average is C$0.62. The company has a quick ratio of 1.10, a current ratio of 24.96 and a debt-to-equity ratio of 0.46. The company has a market cap of C$223.02 million, a P/E ratio of -17.50 and a beta of 2.36.
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.
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