Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) were down 17.4% during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 428,175 shares were traded during trading, an increase of 96% from the average daily volume of 218,750 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Trading Down 17.4 %
The company’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 6.06 and a quick ratio of 2.10. The firm has a market capitalization of C$27.77 million, a PE ratio of -1.87 and a beta of 1.07.
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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