RT Minerals (CVE:RTM) Shares Down 23.1% – What’s Next?

RT Minerals Corp (CVE:RTM) shares were down 23.1% during trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 390,475 shares changed hands during trading, an increase of 490% from the average daily volume of 66,174 shares. The stock had previously closed at C$0.07.

RT Minerals Stock Performance

The firm has a market cap of C$687,780.00, a price-to-earnings ratio of -1.20 and a beta of 2.32. The firm’s 50 day moving average is C$0.07 and its 200-day moving average is C$0.07. The company has a debt-to-equity ratio of 697.48, a quick ratio of 0.09 and a current ratio of 0.31.

RT Minerals Company Profile

RT Minerals Corp, a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It also explores for gold, base metal, and rare earth elements. The company holds an option to acquire a 100% interest in the Link-Catharine RLDZ gold property that consists of 15 unpatented single cell mining claims covering an area of 220 hectares in one claim block located in the Town of Kirkland Lake, Ontario. In addition, it holds a 100% royalty-free interest in the Ireland rare earth element property comprising 52 claims covering an area of 421 hectares located in northeast of Smooth Rock Falls, Ontario; Timmins base metal property and Milligan property located in northeast of Timmins, Ontario; and Blakelock and McQuibban gold properties located in northeast of Cochrane, Ontario.