RT Minerals (CVE:RTM) Hits New 1-Year Low – Here’s Why

RT Minerals Corp (CVE:RTM) reached a new 52-week low during trading on Friday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 293000 shares trading hands. The stock had previously closed at C$0.04.

RT Minerals Price Performance

The company’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.04. The firm has a market capitalization of C$276,575.00, a price-to-earnings ratio of -0.83 and a beta of 2.55. The company has a debt-to-equity ratio of 697.48, a current ratio of 0.31 and a quick ratio of 0.09.

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.