Red Pine Exploration Inc.

Red Pine Exploration Inc.verified

RDEXF

Price:

$0.0828

Market Cap:

$21.53M

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 6,800 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. Red Pine Exploration Inc. was incorporated in 1936 and is headquartered in Toronto, Canada.[Read more]

Industry

Gold

IPO Date

2009-09-10

Stock Exchange

PNK

Ticker

RDEXF

The Current Ratio as of September 2024 (TTM) for Red Pine Exploration Inc. (RDEXF) is 2.43

According to Red Pine Exploration Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.43. This represents a change of -53.52% compared to the average of 5.22 of the last 4 quarters.

Red Pine Exploration Inc. (RDEXF) Historical Current Ratio (quarterly & annually)

How has RDEXF Current Ratio performed in the past?

The mean historical Current Ratio of Red Pine Exploration Inc. over the last ten years is 2.90. The current 2.43 Current Ratio has changed 8.27% with respect to the historical average. Over the past ten years (40 quarters), RDEXF's Current Ratio was at its highest in in the January 2018 quarter at 8.62. The Current Ratio was at its lowest in in the July 2015 quarter at 0.40.

Quarterly (TTM)
Annual

Average

2.90

Median

2.81

Minimum

0.40

Maximum

4.74

Red Pine Exploration Inc. (RDEXF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Red Pine Exploration Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.75%

Maximum Annual Current Ratio = 4.74

Minimum Annual Increase = -91.53%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.4757.73%
20222.200.35%
20212.202.32%
20202.15-37.26%
20193.42-24.67%
20184.5416.41%
20173.9098.38%
20161.97389.22%
20150.40-91.53%
20144.741.75%

Red Pine Exploration Inc. (RDEXF) Average Current Ratio

How has RDEXF Current Ratio performed in the past?

The current Current Ratio of Red Pine Exploration Inc. (RDEXF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.62

5-year avg

2.69

10-year avg

2.90

Red Pine Exploration Inc. (RDEXF) Current Ratio vs. Peers

How is RDEXF’s Current Ratio compared to its peers?

Red Pine Exploration Inc.’s Current Ratio is less than Endurance Gold Corporation (29.91), less than Altamira Gold Corp. (9.32), greater than Grande Portage Resources Ltd. (1.38), less than Tectonic Metals Inc. (3.54), greater than Puma Exploration Inc. (1.45), greater than Sixty North Gold Mining Ltd. (0.35), less than White Gold Corp. (2.55), less than Aurion Resources Ltd. (4.81), greater than Fremont Gold Ltd. (0.83), greater than Falcon Gold Corp. (0.28),

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