Red Pine Exploration Inc. (CVE:RPX – Get Free Report)’s stock price dropped 17.4% on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 526,175 shares were traded during mid-day trading, an increase of 139% from the average daily volume of 220,272 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Stock Down 17.4 %
The company has a debt-to-equity ratio of 1.42, a current ratio of 6.06 and a quick ratio of 2.10. The firm has a market capitalization of C$27.77 million, a P/E ratio of -1.87 and a beta of 1.07. The firm’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.12.
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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