Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) fell 17.4% during mid-day trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. 526,175 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 220,272 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Stock Performance
The firm has a market cap of C$27.77 million, a PE ratio of -1.87 and a beta of 1.07. The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.12.
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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