Red Moon Resources (CVE:RMK) Shares Up 3.3% – Here’s Why

Red Moon Resources Inc. (CVE:RMK – Get Free Report)’s share price traded up 3.3% during trading on Wednesday . The company traded as high as C$0.99 and last traded at C$0.95. 265,538 shares were traded during mid-day trading, a decline of 1% from the average session volume of 269,422 shares. The stock had previously closed at C$0.92.

Red Moon Resources Stock Up 3.3%

The company has a market cap of C$70.21 million and a P/E ratio of -36.54. The firm has a fifty day moving average price of C$0.95 and a 200 day moving average price of C$0.95.

Red Moon Resources Company Profile

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Red Moon Resources Inc, a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for potash, salt, gypsum, and other mineral deposits. It holds 100% interest in the Great Atlantic salt project in the Bay St. George Basin of Western Newfoundland. The company also holds interests in the Ace Gypsum project located in the dormant Flat Bay gypsum mines to the southwest of the Great Atlantic salt deposit; and the Black Bay Nepheline property located in southern Labrador.

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