Rio2 (CVE:RIO) Share Price Up 3.2%

The share price of Rio2 Limited (CVE:RIO – Get Free Report ) rose 3.2% during trading on Thursday. The stock traded as high as $0.66 and last traded at $0.64. About 234,517 shares were traded during trading, down 3% from the average daily volume of 240,739 shares. The stock had previously closed at $0.62.

Analysts set new price targets

Separately, Eight Capital set a $1.10 price target on Rio2 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Check out our latest research report on RIO

Rio2 price performance

The company has a current ratio of 24.96, a quick ratio of 1.10, and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $0.56 and a 200 day moving average price of $0.50. The stock has a market cap of $203.90 million, a PE ratio of -16.00 and a beta of 2.35.

About Rio2

(Get a free report)

Rio2 Limited is engaged in the exploration, development and exploitation of mineral properties in Canada, Peru, the Bahamas and Chile. It owns 100% in the Fenix ​​Gold project, which covers an area of ​​approximately 16,050 hectares located in Chile. The company was founded in 1990 and is headquartered in Vancouver, Canada.

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