Rio2 Limited (TSE:RIO – Get Free Report) shot up 6.8% on Friday . The company traded as high as C$3.20 and last traded at C$3.15. 1,214,743 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,742,110 shares. The stock had previously closed at C$2.95.
Rio2 Price Performance
The company has a quick ratio of 1.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -105.00 and a beta of 2.27. The stock’s 50 day moving average price is C$2.88 and its two-hundred day moving average price is C$2.85.
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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