Use Rio Novo to protect against small markets fluctuations. The stock experiences little momentum. The pattern is not really predictable. Watch out for false signals
As returns on market increase, returns on owning Rio Novo are expected to decrease by larger amounts. On the other hand, during market turmoil, Rio Novo is expected to significantly outperform it.
MBA CA CEO and President Director and Member of Health, Safety and Environmental Committee
Sean Roosen Non-Executive Independent Chairman of the Board
Brian Arkell Senior Vice President - Exploration and Corporate Development
Rio Novo Price and Market Media
The median price of Rio Novo for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 0.1 with a coefficient of variation of 11.98. The daily time series for the period is distributed with a sample standard deviation of 0.01, arithmetic mean of 0.11, and mean deviation of 0.01. The Stock did not receive any noticable media coverage during the period.
Rio Novo Gold Inc [RN] is traded on Toronto Stock Exchange in Canada. It is located in Toronto, ON MH B and employs 17 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 12.51 M. Rio Novo Gold Inc classifies itself under Basic Materials sector and is part of Gold industry. This company has 113.74 M outstanding shares.
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