Rio2 (TSE:RIO) Shares Up 8.5% – Here’s What Happened

Rio2 Limited (TSE:RIO) was up 8.5% during mid-day trading on Friday . The stock traded as high as C$2.56 and last traded at C$2.56. Approximately 545,414 shares traded hands during trading, a decline of 73% from the average daily volume of 2,001,259 shares. The stock had previously closed at C$2.36.

Rio2 Stock Up 8.1%

The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of -85.00 and a beta of 2.04. The firm’s fifty day moving average price is C$3.25 and its two-hundred day moving average price is C$2.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.10 and a quick ratio of 1.10.

About Rio2

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.