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

Red Pine Exploration Inc. (CVE:RPX)’s stock price traded down 4.2% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 129,296 shares were traded during trading, a decline of 61% from the average session volume of 329,949 shares. The stock had previously closed at C$0.12.

Red Pine Exploration Trading Down 4.2 %

The company has a market capitalization of C$33.61 million, a P/E ratio of -2.88 and a beta of 1.07. The stock has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.11.

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.