RMP Falls to Levels Below Book Value

In trading on Wednesday, shares of RMP Energy Inc (TSX: RMP.TO) crossed below their last reported book value — defined as common shareholder equity per share — of $3.00, changing hands as low as $2.96 per share. RMP Energy Inc shares are currently trading down about 3.5% on the day. The chart below shows the one year performance of RMP shares, versus its 50 and 200 day moving averages:

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RMP Energy Inc Moving Averages Chart

Looking at the chart above, RMP's low point in its 52 week range is $2.75 per share, with $10.07 as the 52 week high point — that compares with a last trade of $3.00.

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