Rio2 (CVE:RIO) Shares Down 1.4% – Time to Sell?

Rio2 Limited (CVE:RIO)’s share price dropped 1.4% during mid-day trading on Thursday . The company traded as low as C$0.71 and last traded at C$0.71. Approximately 257,591 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 240,281 shares. The stock had previously closed at C$0.72.

Rio2 Stock Performance

The stock has a market cap of C$226.21 million, a price-to-earnings ratio of -17.75 and a beta of 2.36. The company has a quick ratio of 1.10, a current ratio of 24.96 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of C$0.59 and a 200 day simple moving average of C$0.54.

Rio2 (CVE:RIO) last announced its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast 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.