Red Pine Exploration (CVE:RPX) Shares Down 6.7% – Here’s What Happened

Red Pine Exploration Inc. (CVE:RPX) shares fell 6.7% during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. 1,181,079 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 698,332 shares. The stock had previously closed at C$0.15.

Red Pine Exploration Stock Down 6.7%

The company has a debt-to-equity ratio of 13.50, a quick ratio of 2.10 and a current ratio of 2.34. The stock has a market capitalization of C$62.44 million, a price-to-earnings ratio of -7.00 and a beta of 0.25. The firm’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.18.

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. Red Pine Exploration Inc was incorporated in 1936 and is headquartered in Toronto, Canada.