Rio2 (CVE:RIO - Get Free Report) was upgraded by analysts at Atrium Research to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
Rio2 Trading Down 3.7 %
Shares of CVE RIO traded down C$0.03 during mid-day trading on Thursday, hitting C$0.78. 354,874 shares of the company traded hands, compared to its average volume of 378,415. Rio2 has a 1 year low of C$0.36 and a 1 year high of C$0.83. The stock has a market capitalization of C$234.26 million, a price-to-earnings ratio of -11.29 and a beta of 2.36. The company has a quick ratio of 1.10, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of C$0.72 and a two-hundred day moving average of C$0.67.
Rio2 Company Profile
(
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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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