Red Pine Exploration Inc. (CVE:RPX – Get Free Report)’s stock price fell 14.3% on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. 731,275 shares traded hands during mid-day trading, an increase of 206% from the average session volume of 239,148 shares. The stock had previously closed at C$0.14.
Red Pine Exploration Trading Down 14.3 %
The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42. The company has a market capitalization of C$35.08 million, a price-to-earnings ratio of -2.37 and a beta of 1.07. The company’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.12.
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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