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

Atrium Research upgraded shares of Rio2 (CVE:RIO) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Rio2 Trading Down 0.6 %

Rio2 stock opened at C$0.78 on Thursday. The company has a 50 day moving average price of C$0.71 and a 200 day moving average price of C$0.66. Rio2 has a 52 week low of C$0.36 and a 52 week high of C$0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 17.39. The firm has a market capitalization of C$234.26 million, a price-to-earnings ratio of -11.29 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.