red moon potash inc
(RMK:Canadian Ventures Exchange)
red moon potash inc (RMK) Snapshot
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Open
C$0.07
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Previous Close
C$0.07
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Day High
C$0.07
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Day Low
C$0.07
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52 Week High
10/1/12 - C$0.12
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52 Week Low
02/13/13 - C$0.03
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Market Cap
2.3M
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Average Volume 10 Days
4.2K
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EPS TTM
--
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Shares Outstanding
35.5M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Related News
red moon potash inc (RMK) Related Businessweek News
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Vulcan Minerals, Certain Mineral Property Assets in Western Newfoundland comprises assets showing prospectivity for potash and salt. The assets are located in St. John's, Canada. Vulcan Minerals, Certain Mineral Property Assets in Western Newfoundland operates as a subsidiary of Vulcan Minerals Inc. Red Moon Potash Inc. operates independently of Vulcan Minerals Inc. as of August 15, 2012.
red moon potash inc (RMK) Key Developments
Red Moon Potash Inc. announced that it has received the necessary exploration approval to proceed with a drilling program on its Bay St. George potash project. The company will drill two holes designed to step out 500 metres southwest and 1000 metres northeast from the discovery hole Captain Cook #1. The potash target zone is anticipated to be penetrated at depths less than 450 metres. Construction of the drill pads will commence in the next few days. Drilling should commence by early June and will take 4-6 weeks to complete.
Red Moon Potash Inc., Annual General Meeting, May 03, 2013., at 10:00 Newfoundland Standard Time. Location: The Johnson GEO CENTRE (Celestial Gallery). Agenda: To receive the consolidated audited financial statements of the corporation for the financial year ended December 31, 2012, together with the report of the auditors thereon; to fix the number of directors to be elected at the meeting at five and to elect directors for the ensuing year; to appoint auditors and authorize the directors to fix the remuneration of such auditors; to consider and, if thought fit, pass, with or without amendment, a resolution to ratify and approve the corporation's stock option plan, as set forth in the management information circular accompanying this notice; and to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof.
Red Moon Potash Inc. announced that it continues with pre-drilling planning, permitting and procurement work towards a 2013 drill program for potash/salt in the Bay St. George basin of western Newfoundland. A tender has been issued for drilling bids and exploration approval applications have been submitted to government regulators. Subject to the approval process, the Company will decide on the timing and scale of the drilling program. Previous work located a new potash discovery in the Captain Cook area at depths less than 400 metres with encouraging grades up to 20% K2O (32% KCl). It is currently planned to step out from that discovery hole to better understand the potash distribution in this area. The Company has the benefit of an extensive seismic database in the basin to integrate new drill results and better define the distribution of the evaporite rocks which contain the potash beds. The Bay St. George property has immediate access to deep water ports, road and power grid networks. The property is contained within the larger Maritimes Basin of Atlantic Canada which hosts the Sussex, (New Brunswick) Potash Mine operated by Potash Corporation of Saskatchewan.
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| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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