Red Pine Exploration (CVE:RPX) Stock Price Up 9.4% – Still a Buy?

Red Pine Exploration Inc. (CVE:RPX) shares were up 9.4% during mid-day trading on Friday. The company traded as high as C$0.17 and last traded at C$0.17. Approximately 293,546 shares were traded during mid-day trading, a decline of 56% from the average session volume of 668,984 shares. The stock had previously closed at C$0.16.

Red Pine Exploration Stock Performance

The stock has a market cap of C$80.28 million, a PE ratio of -9.00 and a beta of 0.28. The company has a debt-to-equity ratio of 13.50, a current ratio of 2.34 and a quick ratio of 2.10. The business has a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.16.

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.