Red Pine Exploration (CVE:RPX) Shares Up 18.8%

Red Pine Exploration Inc. (CVE:RPX)’s share price shot up 18.8% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 489,200 shares changed hands during trading, an increase of 80% from the average session volume of 271,998 shares. The stock had previously closed at C$0.08.

Red Pine Exploration Price Performance

The firm has a market cap of C$18.12 million, a PE ratio of -2.00 and a beta of 1.17. The stock’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.19.

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.