Rio2 Limited (OTCMKTS:RIOFF – Get Free Report)’s stock price traded down 5.2% during trading on Friday. The company traded as low as C$1.75 and last traded at C$1.81. 398,902 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 558,552 shares. The stock had previously closed at C$1.91.
Rio2 Stock Down 5.2%
The business’s 50 day moving average price is C$2.33 and its 200-day moving average price is C$2.20.
About Rio2
Rio2 Limited is a Canadian mining company focused on the exploration, development and potential operation of gold projects. The company’s primary asset is the Fenix Gold Project, an open-pit, heap-leach gold development located in Chile’s Atacama Region, near the city of Copiapó.
The Fenix Gold Project is designed to process oxide gold ore using conventional mining and heap-leach recovery methods. Rio2 has advanced the project through exploration, technical studies, permitting and development activities, with the company focused on establishing a mine that can produce gold from the project’s near-surface mineralization.
Rio2’s activities are concentrated in Chile, while the company is headquartered in Canada and trades under the symbol RIOFF on the OTC Markets.
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