Red Pine Exploration (CVE:RPX) Sets New 12-Month High – Still a Buy?

Red Pine Exploration Inc. (CVE:RPXGet Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.25 and last traded at C$0.24, with a volume of 1211206 shares trading hands. The stock had previously closed at C$0.24.

Red Pine Exploration Stock Performance

The firm’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.14. The company has a current ratio of 6.06, a quick ratio of 2.10 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of C$85.46 million, a PE ratio of -7.67 and a beta of 1.21.

Red Pine Exploration Company Profile

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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.

Further Reading

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