Rio2 Limited (TSX:RIO – Get Free Report) rose 2.6% during mid-day trading on Monday . The company traded as high as C$2.38 and last traded at C$2.35. Approximately 699,082 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 453,570 shares. The stock had previously closed at C$2.29.
Rio2 Stock Performance
The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -26.35 and a beta of 1.57. The stock’s fifty day moving average is C$1.83 and its two-hundred day moving average is C$1.51. The company has a quick ratio of 1.10, a current ratio of 17.39 and a debt-to-equity ratio of 0.44.
About Rio2
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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