RTG Mining (TSE:RTG) Trading Up 33.3% - Here's What Happened

Key Points

• RTG Mining Inc. experienced a notable increase of 33.3% in stock price, reaching C$0.04 during trading, with over 1 million shares traded, representing a 422% increase in trading volume.
• The company's market capitalization stands at approximately C$51.92 million, with a price-to-earnings ratio of -8.89 and significant assets focused primarily on the mining sector in the Philippines.
• RTG Mining's principal asset is the Mabilo Project, which is located in the Camarines Norte Province of Eastern Luzon, Philippines, underscoring its strategic focus on high-grade gold projects.

RTG Mining Inc. (TSE:RTG - ) was up 33.3% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 1,017,947 shares were traded during mid-day trading, an increase of 422% from the average daily volume of 195,001 shares. The stock had previously closed at C$0.03.

RTG Mining Price Performance

The company has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.03. The company has a market capitalization of C$51.92 million, a price-to-earnings ratio of -8.89 and a beta of -0.57. The company has a current ratio of 2.58, a quick ratio of 3.19 and a debt-to-equity ratio of 16.36.

About RTG Mining

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other significant assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.