Shares of Rio2 Limited (CVE:RIO – Get Free Report) fell 1.6% on Tuesday . The stock traded as low as C$0.61 and last traded at C$0.62. 400,000 shares were traded during mid-day trading, an increase of 40% from the average session volume of 286,134 shares. The stock had previously closed at C$0.63.
Rio2 Price Performance
The company 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 debt-to-equity ratio of 0.46, a quick ratio of 1.10 and a current ratio of 24.96. The stock has a 50 day moving average price of C$0.67 and a two-hundred day moving average price of C$0.59.
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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