Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) were down 17.4% during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 751,874 shares changed hands during trading, an increase of 233% from the average daily volume of 226,116 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Price Performance
The stock has a market cap of C$30.69 million, a price-to-earnings ratio of -2.07 and a beta of 1.07. The company has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. The company has a current ratio of 6.06, a quick ratio of 2.10 and a debt-to-equity ratio of 1.42.
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.
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