Red Eagle Mining Corp (TSE:R) shares reached a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$0.02, with a volume of 3402400 shares changing hands. The stock had previously closed at C$0.02.

The company has a quick ratio of 0.06, a current ratio of 0.11 and a debt-to-equity ratio of 8,396.99.

Red Eagle Mining (TSE:R) last posted its earnings results on Thursday, August 16th. The mining company reported C($0.01) earnings per share for the quarter.

In other Red Eagle Mining news, Director Ian Slater purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was bought at an average cost of C$0.12 per share, with a total value of C$120,000.00. Insiders have sold 474,500 shares of company stock valued at $17,375 over the last ninety days.

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About Red Eagle Mining (TSE:R)

Red Eagle Mining Corporation engages in the exploration and development of mineral properties in Canada and Colombia. The company owns 100% interest in the Santa Rosa Gold Project located in Antioquia, Colombia, as well as holds 100% interests in the Vetas Gold, California Gold, and Santa Ana Silver Projects.

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