Red Pine Exploration (CVE:RPX) Shares Up 16.7%

Red Pine Exploration Inc. (CVE:RPX) shares shot up 16.7% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04, 201,000 shares changed hands during trading. A decline of 22% from the average session volume of 258,910 shares. The stock had previously closed at C$0.03.

The stock has a market cap of $14.77 million and a price-to-earnings ratio of -3.64. The business has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04.

Red Pine Exploration Company Profile (CVE:RPX)

Red Pine Exploration Inc engages in the acquisition, exploration, and development of mining properties in Canada. The company explores for gold, copper, zinc, lead, silver, and nickel ore deposits. The company primarily owns a 60% interest in the Wawa Gold Project comprising 34 unpatented and mining claims and 163 patented and leased mining claims totaling 5,582 contiguous hectares, which is situated in northern Ontario next to the municipality of Wawa.

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