Rackla Metals (CVE:RAK) Trading Down 39.4% – Here’s Why

Rackla Metals Inc. (CVE:RAKGet Free Report)’s stock price was down 39.4% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 4,194,678 shares changed hands during mid-day trading, an increase of 498% from the average daily volume of 701,556 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The stock has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.45. The company has a market capitalization of C$15.68 million, a price-to-earnings ratio of -3.33 and a beta of 0.67.

About Rackla Metals

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Rackla Metals Inc, a junior gold exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company holds a 100% interest in the Rivier property located in the Watson Lake Mining District, Yukon. It also holds interests in the Tombstone Gold Belt projects situated in Yukon and Northwest Territories.

Further Reading

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