Red Pine Exploration (CVE:RPX) Trading Up 4.2% – Here’s What Happened

Red Pine Exploration Inc. (CVE:RPX) shot up 4.2% during trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. 259,706 shares traded hands during trading, a decline of 77% from the average session volume of 1,144,953 shares. The stock had previously closed at C$0.24.

Red Pine Exploration Stock Performance

The company’s fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.17. The company has a market capitalization of C$92.89 million, a price-to-earnings ratio of -8.33 and a beta of 0.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.10 and a current ratio of 5.05.

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.