Red Pine Exploration Inc. (CVE:RPX – Get Free Report) dropped 4.3% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 266,769 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 214,056 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Trading Down 4.3%
The business’s fifty day moving average is C$0.12 and its 200-day moving average is C$0.12. The firm has a market cap of C$32.15 million, a P/E ratio of -2.17 and a beta of 1.07. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.10 and a current ratio of 6.06.
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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