Rackla Metals (CVE:RAK) Shares Down 20.8% – What’s Next?

Rackla Metals Inc. (CVE:RAK) dropped 20.8% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 2,499,957 shares traded hands during mid-day trading, an increase of 253% from the average daily volume of 707,717 shares. The stock had previously closed at C$0.12.

Rackla Metals Trading Down 25.0%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The company has a market capitalization of C$14.67 million, a PE ratio of -1.80 and a beta of 0.46. The stock has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.44.

About Rackla Metals

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.