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Rio2 (CVE:RIO) Stock Price Down 1.3% - Here's What Happened

Rio2 logo with Basic Materials background

Rio2 Limited (CVE:RIO - Get Free Report) traded down 1.3% on Thursday . The company traded as low as C$0.75 and last traded at C$0.75. 219,100 shares changed hands during trading, a decline of 36% from the average session volume of 343,809 shares. The stock had previously closed at C$0.76.

Rio2 Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 17.39. The company has a fifty day simple moving average of C$0.67 and a two-hundred day simple moving average of C$0.64. The firm has a market capitalization of C$225.25 million, a PE ratio of -10.86 and a beta of 2.36.

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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