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Red Mountain Resources Inc. (RDMP) is a mineral exploration company based in the United States. The company is focused on the acquisition, exploration, and development of mineral properties, with a particular emphasis on gold, silver, and copper deposits.
In terms of financial performance, Red Mountain Resources reported a net loss of $1.4 million for the year ending December 31, 2020, compared to a net loss of $1.2 million for the same period in 2019. The company's revenue for the year ending December 31, 2020, was $143,000, compared to $130,000 for the same period in 2019.
As of December 31, 2020, Red Mountain Resources had working capital of $1.1 million and total assets of $6.5 million. The company's total liabilities were $3.4 million, resulting in shareholders' equity of $3.1 million.
In terms of growth, Red Mountain Resources has been actively exploring and acquiring mineral properties in recent years, with the aim of discovering and developing valuable mineral deposits. However, the company is still in the exploration and development stage, and has not yet achieved significant commercial production or revenue.
It is important to note that investing in public companies, especially those in the exploration and development stage, carries significant risks, and investors should carefully consider these risks before making any investment decisions. It is recommended to consult with a financial advisor or conduct further research before investing in Red Mountain Resources or any other public company.