Rio2 (TSX:RIO) Shares Up 0.6% – Still a Buy?

Rio2 Limited (TSX:RIOGet Free Report) shares traded up 0.6% during trading on Wednesday . The stock traded as high as C$3.44 and last traded at C$3.28. 940,681 shares traded hands during trading, an increase of 107% from the average session volume of 453,570 shares. The stock had previously closed at C$3.26.

Rio2 Stock Up 0.6%

The business has a 50-day simple moving average of C$3.44 and a two-hundred day simple moving average of C$2.60. 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 market capitalization of C$1.40 billion, a price-to-earnings ratio of -26.35 and a beta of 1.57.

About Rio2

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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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