Red Pine Exploration Inc. (CVE:RPX – Get Free Report) dropped 17.4% on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 526,175 shares changed hands during trading, an increase of 139% from the average daily volume of 220,272 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Stock Down 17.4 %
The company has a quick ratio of 2.10, a current ratio of 6.06 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.12. The firm has a market cap of C$27.77 million, a price-to-earnings ratio of -1.87 and a beta of 1.07.
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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