Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) rose 8.7% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 500,000 shares traded hands during trading, an increase of 118% from the average daily volume of 229,416 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Price Performance
The company has a current ratio of 6.06, a quick ratio of 2.10 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average is C$0.12 and its 200 day moving average is C$0.12. The company has a market cap of C$36.54 million, a P/E ratio of -2.46 and a beta of 1.07.
Red Pine Exploration Company Profile
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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