Red Pine Exploration (CVE:RPX) Shares Down 17.4% – Should You Sell?

Red Pine Exploration Inc. (CVE:RPXGet Free Report)’s share price fell 17.4% during mid-day trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.10. 526,175 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 220,272 shares. The stock had previously closed at C$0.12.

Red Pine Exploration Trading Up 5.3 %

The firm’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 6.06 and a quick ratio of 2.10. The company has a market capitalization of C$29.23 million, a PE ratio of -1.97 and a beta of 1.07.

About Red Pine Exploration

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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.

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