RT Minerals (CVE:RTM) Stock Price Surges 24.1% – Is It a Good Buy?

RT Minerals Corp (CVE:RTM) experienced a notable 24.1% increase in its share price during trading on Saturday. The stock reached a peak of C$0.18 in value and closed at the same price. During the day, around 146,319 shares were traded, representing a staggering 461% rise compared to the average daily trading volume of 26,064 shares. Previously, the stock had settled at C$0.15.

RT Minerals Stock Performance

As the company’s shares traded up by 24.1%, it is essential to consider some key financial ratios that define its current status. RT Minerals has a current ratio of 0.31 and a quick ratio of 0.09, indicating its capacity to cover short-term liabilities may be a concern. Furthermore, the company exhibits a high debt-to-equity ratio of 697.48, suggesting that it is largely financed through debt. Its market capitalization stands at C$1.36 million, and the company has a price-to-earnings (PE) ratio of 0.18 alongside a beta of 2.85, which implies higher volatility in comparison to the overall market.

About RT Minerals Corp

RT Minerals Corp is a junior exploration firm focused on acquiring, exploring, and evaluating mineral properties within Canada. The company’s explorative efforts are centered on gold, base metals, and rare earth elements. RT Minerals currently holds an option to acquire a 100% stake in the Link-Catharine RLDZ gold property, which encompasses 15 unpatented mining claims covering an area of 220 hectares, all located within one claim block in Kirkland Lake, Ontario.

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