Rio2 Limited (CVE:RIO – Get Free Report)’s share price shot up 2.9% on Thursday . The company traded as high as C$0.71 and last traded at C$0.70. 464,157 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 239,440 shares. The stock had previously closed at C$0.68.
Rio2 Price Performance
The stock’s 50 day moving average price is C$0.64 and its two-hundred day moving average price is C$0.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 24.96 and a quick ratio of 1.10. The firm has a market capitalization of C$219.83 million, a price-to-earnings ratio of -17.25 and a beta of 2.36.
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.
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