Rio2 (CVE:RIO) Reaches New 52-Week High – Time to Buy?

Rio2 Limited (CVE:RIOGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$1.87 and last traded at C$1.83, with a volume of 148935 shares. The stock had previously closed at C$1.82.

Rio2 Stock Up 0.5%

The firm has a market capitalization of C$782.78 million, a P/E ratio of -26.35 and a beta of 1.58. The firm’s 50 day moving average is C$1.61 and its two-hundred day moving average is C$1.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 1.10.

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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