RT Minerals (CVE:RTM) Shares Down 20% – Here’s What Happened

RT Minerals Corp (CVE:RTM) dropped 20% during trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 109,000 shares were traded during trading, an increase of 30% from the average session volume of 83,754 shares. The stock had previously closed at C$0.05.

RT Minerals Stock Performance

The stock’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The company has a current ratio of 0.31, a quick ratio of 0.09 and a debt-to-equity ratio of 697.48. The firm has a market capitalization of C$442,520.00, a price-to-earnings ratio of -2.00 and a beta of 2.52.

About RT Minerals

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.