Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shot up 8.7% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. 500,000 shares were traded during trading, an increase of 118% from the average session volume of 229,416 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Price Performance
The stock has a market capitalization of C$36.54 million, a P/E ratio of -2.46 and a beta of 1.07. The company has a 50 day moving average of C$0.12 and a 200-day moving average of C$0.12. The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42.
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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