Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) traded down 17.4% during mid-day trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.10. 3,228,522 shares traded hands during mid-day trading, an increase of 1,148% from the average session volume of 258,610 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Stock Performance
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 company has a market capitalization of C$27.77 million, a P/E ratio of -1.87 and a beta of 1.07. The firm has a fifty day moving average price of C$0.12 and a 200-day moving average price of C$0.12.
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.
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