Red Pine Exploration (CVE:RPX) Trading 14.7% Higher – Time to Buy?
by Tristan Rich · The Markets DailyRed Pine Exploration Inc. (CVE:RPX – Get Free Report)’s share price was up 14.7% during trading on Monday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 374,256 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 668,271 shares. The stock had previously closed at C$0.17.
Red Pine Exploration Stock Performance
The stock’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.17. The company has a current ratio of 2.34, a quick ratio of 2.10 and a debt-to-equity ratio of 13.50. The stock has a market cap of C$86.97 million, a price-to-earnings ratio of -9.75 and a beta of 0.52.
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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.