Red Metal (ASX:RDM) Trading Down 4.5%

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Red Metal Limited (ASX:RDM)’s share price traded down 4.5% during mid-day trading on Monday . The company traded as low as A$0.11 ($0.07) and last traded at A$0.11 ($0.07), 330,419 shares were traded during trading. An increase of 71% from the average session volume of 192,824 shares. The stock had previously closed at A$0.11 ($0.08).

The company has a market cap of $22.29 million and a price-to-earnings ratio of -17.50. The firm’s 50-day moving average price is A$0.12 and its 200 day moving average price is A$0.10.

Red Metal Company Profile (ASX:RDM)

Red Metal Limited engages in the acquisition and exploration mineral prospects in Australia. The company primarily explores for copper, gold, silver, lead, zinc, and nickel properties. It focuses on approximately 10,000 square kilometers of exploration tenements. The company was founded in 2003 and is based in Sydney, Australia.

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