Rio2 Limited (OTCMKTS:RIOFF – Get Free Report) was up 8.6% during trading on Thursday . The stock traded as high as C$2.63 and last traded at C$2.63. 233,637 shares changed hands during trading, a decline of 61% from the average daily volume of 598,169 shares. The stock had previously closed at C$2.42.
Analyst Upgrades and Downgrades
Separately, National Bank Financial began coverage on shares of Rio2 in a research report on Thursday, May 28th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Rio2 has a consensus rating of “Buy”.
Read Our Latest Stock Report on Rio2
Rio2 Trading Down 1.5%
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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