Red Pine Exploration (CVE:RPX) Shares Down 3.1% – Here’s What Happened

Red Pine Exploration Inc. (CVE:RPX)’s stock price was down 3.1% during mid-day trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 101,500 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 353,648 shares. The stock had previously closed at C$0.16.

Red Pine Exploration Trading Down 3.1 %

The stock has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.11. The firm has a market capitalization of C$45.31 million, a P/E ratio of -3.88 and a beta of 1.07.

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.