Shares of Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shot up 11.1% on Monday. The company traded as high as C$0.15 and last traded at C$0.15. Approximately 592,210 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 649,318 shares. The stock had previously closed at C$0.14.
Red Pine Exploration Trading Up 11.1%
The company’s fifty day moving average is C$0.16 and its 200-day moving average is C$0.18. The stock has a market cap of C$67.19 million, a PE ratio of -7.50 and a beta of 0.28. The company has a debt-to-equity ratio of 2.14, a current ratio of 8.07 and a quick ratio of 2.10.
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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.
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