Rio2 Limited (OTCMKTS:RIOFF – Get Free Report) shares traded up 1.5% on Thursday . The company traded as high as C$2.65 and last traded at C$2.63. 392,604 shares changed hands during trading, a decline of 36% from the average daily volume of 615,468 shares. The stock had previously closed at C$2.60.
Analysts Set New Price Targets
Separately, National Bank Financial assumed coverage on Rio2 in a research report on Thursday, May 28th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
View Our Latest Report on RIOFF
Rio2 Trading Up 1.5%
Rio2 Company Profile
Rio2 Ltd. (OTCMKTS: RIOFF) is a Canada-based mineral exploration and development company focused on advancing gold assets in Ecuador. Headquartered in Vancouver, British Columbia, Rio2’s primary objective is the development of its flagship Fenix Gold Project, a large-scale gold deposit located in the eastern portion of the country. The company’s activities span exploration, feasibility studies, and permitting, with an emphasis on moving the project toward production while maintaining compliance with local regulatory frameworks.
The Fenix Gold Project holds significant gold mineralization within multiple vein and stockwork zones hosted in volcanic and sedimentary units.
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