Red Pine Exploration (CVE:RPX) Shares Down 4.2% – Here’s What Happened

Red Pine Exploration Inc. (CVE:RPX)’s share price was down 4.2% on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 64,000 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 248,457 shares. The stock had previously closed at C$0.12.

Red Pine Exploration Trading Down 4.3 %

The business’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.12. The company has a market cap of C$32.15 million, a PE ratio of -2.17 and a beta of 1.07. The company has a current ratio of 6.06, a quick ratio of 2.10 and a debt-to-equity ratio of 1.42.

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.