Red Metal (ASX:RDM) Trading 8.7% Higher
Red Metal Limited (ASX:RDM)’s share price traded up 8.7% during trading on Monday . The stock traded as high as A$0.13 ($0.09) and last traded at A$0.13 ($0.09), 414,000 shares changed hands during mid-day trading. An increase of 115% from the average session volume of 192,824 shares. The stock had previously closed at A$0.12 ($0.08).
The stock has a market capitalization of $26.53 million and a price-to-earnings ratio of -20.00. The company has a 50 day moving average of A$0.11 and a 200 day moving average of A$0.10.
Red Metal Company Profile (ASX:RDM)
Red Metal Limited engages in the acquisition and exploration mineral prospects in Australia. The company primarily explores for copper, gold, silver, lead, zinc, and nickel properties. It focuses on approximately 10,000 square kilometers of exploration tenements. The company was founded in 2003 and is based in Sydney, Australia.
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