Rio2 (CVE:RIO) Trading Up 2.9% – Should You Buy?

Rio2 Limited (CVE:RIO) shares shot up 2.9% during trading on Monday . The stock traded as high as C$0.70 and last traded at C$0.70. 202,425 shares traded hands during trading, a decline of 26% from the average session volume of 273,466 shares. The stock had previously closed at C$0.68.

Rio2 Stock Performance

The company has a market cap of C$211.87 million, a PE ratio of -16.88 and a beta of 2.36. The stock has a 50 day simple moving average of C$0.67 and a two-hundred day simple moving average of C$0.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 24.96 and a quick ratio of 1.10.

Rio2 (CVE:RIO) last issued its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share for the quarter. Equities analysts predict that Rio2 Limited will post -0.03 EPS for the current year.

Rio2 Company Profile

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.