Red Pine Exploration (CVE:RPX) Hits New 12-Month High – Should You Buy?

Red Pine Exploration Inc. (CVE:RPX) shares reached a new 52-week high on Tuesday . The company traded as high as C$0.21 and last traded at C$0.21, with a volume of 1137424 shares changing hands. The stock had previously closed at C$0.20.

Red Pine Exploration Stock Up 7.7%

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 stock’s 50-day simple moving average is C$0.16 and its 200-day simple moving average is C$0.13. The firm has a market capitalization of C$78.03 million, a P/E ratio of -7.00 and a beta of 1.21.

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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.