Red Pine Exploration Inc. (CVE:RPX – Get Free Report)’s share price shot up 14.7% during mid-day trading on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 374,256 shares traded hands during trading, a decline of 44% from the average daily volume of 668,271 shares. The stock had previously closed at C$0.17.
Red Pine Exploration Price Performance
The company has a market capitalization of C$86.97 million, a price-to-earnings ratio of -9.75 and a beta of 0.52. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17. The company has a debt-to-equity ratio of 13.50, a quick ratio of 2.10 and a current ratio of 2.34.
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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