Rio2 Limited (OTCMKTS:RIOFF – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 1,874,915 shares, an increase of 65.7% from the December 15th total of 1,131,264 shares. Based on an average daily trading volume, of 1,912,377 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 1,912,377 shares, the days-to-cover ratio is presently 1.0 days.
Analyst Ratings Changes
RIOFF has been the subject of several recent research reports. Cantor Fitzgerald downgraded shares of Rio2 to a “hold” rating in a research report on Tuesday, December 9th. Raymond James Financial reissued an “outperform” rating on shares of Rio2 in a research report on Friday, October 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
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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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