Short Interest in Rio2 Limited (OTCMKTS:RIOFF) Increases By 776.3%

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 51,700 shares, an increase of 776.3% from the February 29th total of 5,900 shares. Based on an average trading volume of 297,300 shares, the short-interest ratio is presently 0.2 days.

Rio2 Price Performance

Rio2 stock traded up C$0.01 during midday trading on Friday, hitting C$0.29. The company’s stock had a trading volume of 83,453 shares, compared to its average volume of 100,052. Rio2 has a 12 month low of C$0.10 and a 12 month high of C$0.33. The stock’s 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.21.

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.