Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares 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 Price Performance
The company has a 50 day moving average of C$0.12 and a two-hundred day moving average of C$0.12. The firm has a market cap of C$29.23 million, a P/E ratio of -1.97 and a beta of 1.07. The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42.
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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