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Red Tiger Narrows Q3 Net Loss by 73% to $498K; Shares Still Retreat Nearly 4%

Red Tiger Mining Inc. (RMN.V) is off 3 cents this afternoon at 77 cents a share, falling 3.75% ahead of the company reporting it narrowed its net loss by 73% during the first nine months of 2011 compared to the same period in 2010.

Net loss so far in 2011 was $498,000, down $1.345 million from a $1.84 million for junior copper miner last year.

The company earlier this month announced plans for a 10-for-1 reverse split of its stock as well as changing its name from Zaruma Resources. Its ticker also changed from 'ZMR.V' to 'RMN.V'

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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