Red Emperor Resources (LON:RMP) Hits New 1-Year Low at $0.50

Shares of Red Emperor Resources NL (LON:RMP) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.47 ($0.01), with a volume of 2685670 shares changing hands. The stock had previously closed at GBX 0.52 ($0.01).

The company has a market capitalization of $2.46 million and a P/E ratio of -4.69. The company’s fifty day moving average is GBX 0.57.

About Red Emperor Resources (LON:RMP)

Red Emperor Resources NL, together with its subsidiaries, operates as a natural resource exploration company. It operates in two segments, Exploration & Evaluation and Treasury. The company holds oil and gas interests on the Alaska North Slope and in South East Asia. It holds interest in the offshore Philippines Block, Service Contract 55Basin that covers an area of 9,880 kilometer square located in the southwest Palawan Basin, the Philippines.

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