Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares dropped 6.7% during trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. 1,181,079 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 698,332 shares. The stock had previously closed at C$0.15.
Red Pine Exploration Price Performance
The firm has a market cap of C$62.44 million, a price-to-earnings ratio of -7.00 and a beta of 0.25. The company has a current ratio of 2.34, a quick ratio of 2.10 and a debt-to-equity ratio of 13.50. The company has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.18.
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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.
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