Rio2 (OTCMKTS:RIOFF) Shares Down 0.8% – What’s Next?

Rio2 Limited (OTCMKTS:RIOFFGet Free Report) shares traded down 0.8% on Monday . The stock traded as low as C$1.75 and last traded at C$1.77. 395,720 shares changed hands during trading, an increase of 27% from the average session volume of 311,904 shares. The stock had previously closed at C$1.79.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an “outperform” rating on shares of Rio2 in a report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Rio2

Rio2 Price Performance

The firm’s 50 day simple moving average is C$1.54 and its 200-day simple moving average is C$1.25.

Rio2 Company Profile

(Get Free Report)

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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