Red Pine Exploration Inc (OTCMKTS:RDEXF) (CVE:RPX) Stock Bounces Back From Lows

Investors are almost certainly going to be looking into those stocks this morning which may have made a strong move on Tuesday and one of the stocks which is likely to be on the radars of investors is the Red Pine Exploration Inc (OTCMKTS:RDEXF) (CVE:RPX).

Market Stats

On Tuesday, RDEXF stock gained 8.32% to $0.3790 with more than 2k shares, compared to its average volume of 17K shares. The stock has moved within a range of $0.3790 – 0.3790 after opening trading at $0.3790.

Red Pine Exploration Inc. Announces Results of Annual Meeting of Shareholders

The stock had come into focus yesterday after it provided an update with regards to the annual and special meeting of shareholders held yesterday. The company announced that all the resolutions that had been proposed had been approved. The announcement proved to be a positive trigger for the stock and it ended the day with gains of as much as 8%.

In light of that, it may be a good idea from investors to consider taking a look at some of the highlights from the shareholders meeting. As many as six people were elected as directors of the company. However, that was not all. The reappointment of MNP LLP as the Chartered Professional Accountants for Red Pine Exploration was also voted in favour. At this point in time, it might be a good idea to add the stock to your watch lists and watch out for the price action today.

Traders Corner

RDEXF stock is trading below the 10-Day and 20-Day Moving averages of $0.4080 and $0.4135 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.4649.