Shares of Rio2 Limited (OTCMKTS:RIOFF – Get Free Report) were up 1.1% on Tuesday . The company traded as high as C$1.96 and last traded at C$1.87. 93,021 shares changed hands during trading, a decline of 86% from the average daily volume of 673,061 shares. The stock had previously closed at C$1.85.
Wall Street Analyst Weigh In
Separately, National Bank Financial assumed coverage on Rio2 in a research note on Thursday, May 28th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.
Read Our Latest Stock Report on Rio2
Rio2 Stock Performance
About Rio2
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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