Shares of Rio2 Limited (TSE:RIO – Get Free Report) were up 7% on Friday . The stock traded as high as C$2.92 and last traded at C$2.91. Approximately 1,783,084 shares changed hands during trading, a decline of 6% from the average daily volume of 1,894,127 shares. The stock had previously closed at C$2.72.
Rio2 Stock Up 7.0%
The company has a quick ratio of 1.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.19. The company has a market capitalization of C$1.53 billion, a P/E ratio of -97.00 and a beta of 2.40. The firm has a fifty day simple moving average of C$3.01 and a 200-day simple moving average of C$2.77.
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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