Rio2 (CVE:RIO) Shares Up 1.6% – Time to Buy?

Rio2 Limited (CVE:RIOGet Free Report) was up 1.6% during trading on Wednesday . The company traded as high as C$0.63 and last traded at C$0.62. Approximately 176,682 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 329,555 shares. The stock had previously closed at C$0.61.

Rio2 Stock Up 1.6 %

The firm has a market capitalization of C$197.53 million, a PE ratio of -15.50 and a beta of 2.36. 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 business’s fifty day moving average price is C$0.64 and its 200 day moving average price is C$0.60.

Rio2 Company Profile

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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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