Red Pine Exploration (CVE:RPX) Trading Down 8.7% – Time to Sell?

Red Pine Exploration Inc. (CVE:RPX)’s stock price traded down 8.7% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. 73,150 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 211,533 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 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. The stock has a market capitalization of C$27.77 million, a P/E ratio of -1.87 and a beta of 1.07.

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.