Rio2 (TSE:RIO) Stock Price Down 1.5% – Here’s Why
by Sarita Garza · The Markets DailyRio2 Limited (TSE:RIO – Get Free Report)’s share price traded down 1.5% on Monday . The stock traded as low as C$2.55 and last traded at C$2.63. 1,023,102 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,639,404 shares. The stock had previously closed at C$2.67.
Analyst Upgrades and Downgrades
Separately, National Bank Financial set a C$5.50 price target on shares of Rio2 and gave the company an “outperform” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$5.50.
Read Our Latest Stock Report on RIO
Rio2 Stock Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 2.10 and a quick ratio of 1.09. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 263.00 and a beta of 2.16. The firm’s fifty day moving average is C$2.88 and its 200 day moving average is C$3.04.
Rio2 (TSE:RIO – Get Free Report) last released its quarterly earnings data on Saturday, May 16th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$91.56 million during the quarter. On average, analysts predict that Rio2 Limited will post -0.03 EPS for the current fiscal 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.