Red Pine Exploration (CVE:RPX) Shares Up 10.9% – Should You Buy?

Red Pine Exploration Inc. (CVE:RPX) shot up 10.9% on Friday . The company traded as high as C$0.21 and last traded at C$0.20. 1,437,506 shares were traded during mid-day trading, an increase of 65% from the average session volume of 868,645 shares. The stock had previously closed at C$0.18.

Red Pine Exploration Stock Performance

The stock has a market cap of C$75.65 million, a P/E ratio of -6.77 and a beta of 0.65. The company has a quick ratio of 2.10, a current ratio of 3.52 and a debt-to-equity ratio of 7.35. The business has a 50 day moving average price of C$0.20 and a two-hundred day moving average price of C$0.18.

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.