Rio2 Limited (OTCMKTS:RIOFF) Sees Significant Decline in Short Interest

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 46,400 shares, a drop of 21.8% from the November 15th total of 59,300 shares. Based on an average daily trading volume, of 237,400 shares, the short-interest ratio is currently 0.2 days.

Rio2 Price Performance

OTCMKTS:RIOFF traded up C$0.01 during midday trading on Monday, hitting C$0.44. 270,300 shares of the company were exchanged, compared to its average volume of 127,116. Rio2 has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.58. The company has a fifty day simple moving average of C$0.48 and a 200 day simple moving average of C$0.43.

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.