RT Minerals (CVE:RTM) Sets New 52-Week Low – What’s Next?

Shares of RT Minerals Corp (CVE:RTM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 48000 shares traded. The stock had previously closed at C$0.06.

RT Minerals Stock Down 8.3%

The company’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.08. The company has a debt-to-equity ratio of 697.48, a current ratio of 0.31 and a quick ratio of 0.09. The firm has a market cap of C$630,465.00, a P/E ratio of -1.10 and a beta of 3.70.

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.