Rio2 (CVE:RIO) Shares Up 0.6% - Here's What Happened

On Thursday, Rio2 Limited (CVE:RIO) saw its stock price increase by 0.6%. The shares reached a high of C$0.80 and were last seen trading at C$0.79. During the trading session, a total of 227,847 shares changed hands, which is a significant decrease of 42% compared to the average trading volume of 390,053 shares. The stock had closed the previous day at C$0.78.

Rio2 Price Performance

The company maintains a debt-to-equity ratio of 0.44, a quick ratio of 1.10, and an impressive current ratio of 17.39. Rio2 has a market capitalization of C$235.76 million and a price-to-earnings (PE) ratio of -11.36, along with a beta of 2.36. The stock's 50-day moving average stands at C$0.71, while the two-hundred day moving average is recorded at C$0.66.

Rio2 Company Profile

Rio2 Limited is involved in the exploration, development, and mining of various mineral properties across Canada, Peru, the Bahamas, and Chile. Notably, it possesses full ownership (100%) of the Fenix Gold Project, which spans approximately 16,050 hectares in Chile. Founded in 1990, the company's headquarters is situated in Vancouver, Canada.

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Should You Invest $1,000 in Rio2 Now?

If you are contemplating investing in Rio2, there are a few things to consider. Analysts from top research firms consistently monitor market trends and recommend various investment opportunities. Interestingly, while Rio2 currently holds a Buy rating, the consensus suggests that there may be five other stocks considered to be superior options for investment.

Explore these recommended stocks to discover potential new opportunities in the marketplace.

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