Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares were down 12.5% on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 1,743,497 shares were traded during trading, an increase of 114% from the average daily volume of 816,109 shares. The stock had previously closed at C$0.16.
Red Pine Exploration Price Performance
The stock has a market cap of C$55.90 million, a P/E ratio of -5.00 and a beta of 0.16. The company has a current ratio of 3.52, a quick ratio of 2.10 and a debt-to-equity ratio of 7.35. The company’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.19.
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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.
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