Rio2 (CVE:RIO) Shares Down 1.3% – Here’s Why

by · The Cerbat Gem

Rio2 Limited (CVE:RIO – Get Free Report) shares were down 1.3% on Thursday . The stock traded as low as C$0.75 and last traded at C$0.75. Approximately 219,100 shares were traded during trading, a decline of 36% from the average daily volume of 343,809 shares. The stock had previously closed at C$0.76.

Rio2 Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 1.10. The stock has a market capitalization of C$232.75 million, a price-to-earnings ratio of -11.22 and a beta of 2.36. The stock’s 50 day simple moving average is C$0.67 and its 200-day simple moving average is C$0.64.

Rio2 Company Profile

(Get Free Report)

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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