Red Pine Exploration (CVE:RPX) Sets New 1-Year High - Here's What Happened

Key Points

• Red Pine Exploration Inc. reached a new 52-week high, trading as high as C$0.20 before closing at C$0.19 on Tuesday, with a trading volume of over 2.3 million shares.
• The company has a market cap of C$54.08 million and a debt-to-equity ratio of 1.42, indicating a moderate level of debt compared to its equity.
• Red Pine's flagship project is the Wawa Gold Project, located in northern Ontario, covering an area of 7,182 hectares.

Red Pine Exploration Inc. (CVE:RPX - ) hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 2325801 shares changing hands. The stock had previously closed at C$0.17.

Red Pine Exploration Stock Performance

The company has a current ratio of 6.06, a quick ratio of 2.10 and a debt-to-equity ratio of 1.42. The firm has a market cap of C$54.08 million, a price-to-earnings ratio of -4.63 and a beta of 0.53. The stock has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.11.

About Red Pine Exploration

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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