Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) traded up 9.4% on Friday. The company traded as high as C$0.17 and last traded at C$0.17. Approximately 293,546 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 668,984 shares. The stock had previously closed at C$0.16.
Red Pine Exploration Stock Performance
The company has a current ratio of 2.34, a quick ratio of 2.10 and a debt-to-equity ratio of 13.50. The stock has a market capitalization of C$80.28 million, a PE ratio of -9.00 and a beta of 0.28. The business’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.16.
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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.
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