Rio2 (CVE:RIO) Trading Up 3.2%

Rio2 Limited (CVE:RIO) rose 3.2% during trading on Thursday . The stock traded as high as C$0.66 and last traded at C$0.64. Approximately 234,517 shares were traded during trading, a decline of 3% from the average daily volume of 240,739 shares. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

Separately, Eight Capital set a C$1.10 target price on Rio2 and gave the stock a “buy” rating in a report on Thursday, June 6th.

Rio2 Trading Down 1.6 %

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 capitalization of C$200.72 million, a P/E ratio of -15.75 and a beta of 2.35. The firm’s 50-day moving average price is C$0.56 and its 200 day moving average price is C$0.50.

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.