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

Rackla Metals Inc. (CVE:RAKGet Free Report)’s stock price traded down 39.4% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. 4,194,678 shares traded hands during trading, an increase of 498% from the average session volume of 701,877 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of C$15.68 million, a P/E ratio of -3.33 and a beta of 0.67. The business has a fifty day moving average price of C$0.30 and a 200-day moving average price of C$0.44.

About Rackla Metals

(Get Free Report)

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.

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