Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares dropped 17.4% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 3,228,522 shares traded hands during mid-day trading, an increase of 1,148% from the average daily volume of 258,610 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Price Performance
The firm has a market capitalization of C$27.77 million, a price-to-earnings ratio of -1.87 and a beta of 1.07. The business 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 debt-to-equity ratio of 1.42, a quick ratio of 2.10 and a current ratio of 6.06.
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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