News stories about Rio2 (CVE:RIO) have trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Rio2 earned a media sentiment score of 2.70 on their scale. InfoTrie also gave media headlines about the company an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Shares of RIO stock opened at C$0.40 on Friday. The stock has a market cap of $72.30 million and a PE ratio of -3.92. The business has a 50-day simple moving average of C$0.38 and a 200-day simple moving average of C$0.42. The company has a quick ratio of 27.65, a current ratio of 27.68 and a debt-to-equity ratio of 0.56. Rio2 has a 52-week low of C$0.30 and a 52-week high of C$0.70.
RIO has been the subject of several recent research reports. Mackie set a C$1.00 target price on shares of Rio2 and gave the stock a “speculative buy” rating in a report on Tuesday, November 19th. Fundamental Research set a C$0.93 price target on shares of Rio2 and gave the company a “buy” rating in a report on Tuesday, October 29th.
Rio2 owns a 100% interest in the Fenix Gold Project as a result of its business combination with Atacama Pacific Gold Corporation. The Fenix Gold Project is located in Chile’s Atacama Region (Copiapo). Rio2 also has the right and option to acquire all rights and interests in seven gold exploration prospects totaling approximately 19,000 hectares in Peru.
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