Rio2 (OTCMKTS:RIOFF) Stock Price Down 0.8% – Time to Sell?

Rio2 Limited (OTCMKTS:RIOFF) shares dropped 0.8% on Monday . The stock traded as low as C$1.75 and last traded at C$1.77. Approximately 395,720 shares traded hands during trading, an increase of 27% from the average daily volume of 311,904 shares. The stock had previously closed at C$1.79.

Analyst Ratings Changes

Separately, Raymond James Financial restated an “outperform” rating on shares of Rio2 in a research report on Friday, October 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Rio2 Trading Down 0.8%

The stock has a 50-day moving average price of C$1.52 and a 200-day moving average price of C$1.24.

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.