Rio2 (TSX:RIO) Stock Price Up 3.9% – Time to Buy?

Rio2 Limited (TSX:RIOGet Free Report) shares traded up 3.9% on Tuesday . The stock traded as high as C$3.51 and last traded at C$3.50. 920,378 shares traded hands during trading, an increase of 103% from the average session volume of 453,570 shares. The stock had previously closed at C$3.37.

Rio2 Stock Performance

The business’s 50-day simple moving average is C$2.56 and its 200 day simple moving average is C$2.00. The firm has a market cap of C$1.50 billion, a P/E ratio of -26.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 17.39.

About Rio2

(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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