Rio2 (CVE:RIO) Raised to Strong-Buy at Atrium Research

Rio2 (CVE:RIO) was upgraded by investment analysts at Atrium Research to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Rio2 Price Performance

Shares of RIO stock opened at C$0.78 on Thursday. The company has a market cap of C$234.26 million, a P/E ratio of -11.29 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. The stock’s 50-day moving average is C$0.71 and its 200 day moving average is C$0.66. Rio2 has a 1-year low of C$0.36 and a 1-year high of C$0.82.

Rio2 Company Profile

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.