Rio2 (CVE:RIO) Trading 10.5% Higher

Rio2 Limited (CVE:RIO – Get Rating) shares traded up 10.5% during mid-day trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. 216,700 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 100,752 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Separately, Raymond James lifted their price objective on Rio2 from C$0.15 to C$0.25 and gave the company a “market perform” rating in a research report on Tuesday, January 31st.

Rio2 Trading Up 10.5 %

The company has a market cap of C$54.10 million, a P/E ratio of -21.00 and a beta of 1.98. The company has a quick ratio of 1.10, a current ratio of 3.22 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.19.

Rio2 (CVE:RIO – Get Rating) last released its earnings results on Thursday, March 16th. The company reported C($0.01) earnings per share for the quarter. On average, analysts predict that Rio2 Limited will post -0.03 EPS for the current year.

About Rio2

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Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, and Chile. Its flagship project is 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.