Red Emperor Resources (RMP) Shares Down 12.2%

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Red Emperor Resources NL (LON:RMP) dropped 12.2% during mid-day trading on Thursday . The company traded as low as GBX 0.63 ($0.01) and last traded at GBX 0.65 ($0.01). Approximately 6,355,452 shares traded hands during mid-day trading, an increase of 4,091% from the average daily volume of 151,643 shares. The stock had previously closed at GBX 0.74 ($0.01).

The company has a market capitalization of $2.71 million and a PE ratio of -6.38.

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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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