Red Pine Exploration Inc. (CVE:RPX – Get Free Report) shares were up 8.7% during trading on Friday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 500,000 shares traded hands during trading, an increase of 118% from the average daily volume of 229,416 shares. The stock had previously closed at C$0.12.
Red Pine Exploration Stock Up 8.7 %
The firm 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 debt-to-equity ratio of 1.42, a current ratio of 6.06 and a quick ratio of 2.10. The stock has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.12.
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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