Rio2 Limited (TSE:RIO – Get Free Report)’s stock price was down 1.5% on Monday . The company traded as low as C$2.55 and last traded at C$2.63. Approximately 1,023,102 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 1,639,404 shares. The stock had previously closed at C$2.67.
Analyst Ratings Changes
Separately, National Bank Financial set a C$5.50 target price on Rio2 and gave the stock an “outperform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$5.50.
Read Our Latest Analysis on Rio2
Rio2 Stock Down 1.5%
Rio2 (TSE:RIO – Get Free Report) last posted its quarterly earnings results on Saturday, May 16th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$91.56 million during the quarter. As a group, research analysts predict that Rio2 Limited will post -0.03 earnings per share 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.
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