Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares dropped 8.7% on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 73,150 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 211,533 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Trading Up 5.3 %
The stock has a market capitalization of C$29.23 million, a P/E ratio of -1.97 and a beta of 1.07. The stock’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.12. The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42.
About Red Pine Exploration
Red Pine Exploration Inc engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship project is the Wawa Gold Project that covers an area of 7,182 hectares located to the east of the Town of Wawa in northern Ontario. The company was formerly known as Vencan Gold Corporation and changed its name to Red Pine Exploration Inc in March 2009.
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