Red Moon Resources (CVE:RMK) Shares Up 3.3% – Time to Buy?

Red Moon Resources Inc. (CVE:RMK) traded up 3.3% during trading on Tuesday . The stock traded as high as C$0.99 and last traded at C$0.95. 265,538 shares traded hands 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 Trading Up 3.3%

The stock has a fifty day simple moving average of C$0.95 and a two-hundred day simple moving average of C$0.95. The firm has a market cap of C$70.21 million and a PE ratio of -36.54.

Red Moon Resources Company Profile

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.