Red Pine Exploration Inc. (CVE:RPX – Get Free Report) fell 17.4% during trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.10. 3,228,522 shares changed 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 Price Performance
The stock has a market cap of C$27.77 million, a price-to-earnings ratio of -1.87 and a beta of 1.07. The company’s 50 day moving average is C$0.12 and its 200 day 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.
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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