Rio2 (TSE:RIO) Given a C$5.50 Price Target at National Bank Financial

National Bank Financial set a C$5.50 target price on Rio2 (TSE:RIO) in a report issued on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Rio2 Stock Performance

TSE RIO opened at C$3.19 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.19. The company has a market capitalization of C$1.75 billion, a P/E ratio of 319.00 and a beta of 2.27. Rio2 has a 12-month low of C$1.13 and a 12-month high of C$4.09. The firm has a 50-day moving average price of C$2.82 and a two-hundred day moving average price of C$2.97.

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.