Shares of Rio2 Limited (CVE:RIO – Get Rating) traded up 3.3% during trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. 95,000 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 73,648 shares. The stock had previously closed at C$0.15.
Analysts Set New Price Targets
Separately, Raymond James raised their price target on shares of Rio2 from C$0.15 to C$0.25 and gave the stock a “market perform” rating in a report on Tuesday, January 31st.
Rio2 Trading Up 3.3 %
The company has a current ratio of 3.22, a quick ratio of 1.10 and a debt-to-equity ratio of 0.87. The firm has a market cap of C$39.93 million, a price-to-earnings ratio of -15.50 and a beta of 1.98. The firm’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.17.
About Rio2
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, and Chile. Its flagship project is 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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