Short Interest in Rio2 Limited (OTCMKTS:RIOFF) Increases By 562.0%

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,132,943 shares, a growth of 562.0% from the November 30th total of 171,131 shares. Based on an average trading volume of 1,222,901 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 1,222,901 shares, the short-interest ratio is presently 0.9 days.

Rio2 Trading Up 4.2%

Rio2 stock opened at C$2.37 on Thursday. The firm has a 50 day simple moving average of C$1.70 and a 200 day simple moving average of C$1.37. Rio2 has a 1-year low of C$0.40 and a 1-year high of C$2.41.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald downgraded Rio2 to a “hold” rating in a research note on Tuesday, December 9th. Raymond James Financial reaffirmed an “outperform” rating on shares of Rio2 in a research report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rio2 Company Profile

Rio2 Ltd. (OTCMKTS: RIOFF) is a Canada-based mineral exploration and development company focused on advancing gold assets in Ecuador. Headquartered in Vancouver, British Columbia, Rio2’s primary objective is the development of its flagship Fenix Gold Project, a large-scale gold deposit located in the eastern portion of the country. The company’s activities span exploration, feasibility studies, and permitting, with an emphasis on moving the project toward production while maintaining compliance with local regulatory frameworks.

The Fenix Gold Project holds significant gold mineralization within multiple vein and stockwork zones hosted in volcanic and sedimentary units.