Rackla Metals (CVE:RAK) Stock Price Down 12.5% – What’s Next?

Rackla Metals Inc. (CVE:RAK)’s share price fell 12.5% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11. 925,080 shares were traded during trading, an increase of 32% from the average session volume of 699,667 shares. The stock had previously closed at C$0.12.

Rackla Metals Stock Down 16.7%

The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of C$16.30 million, a P/E ratio of -2.00 and a beta of 0.46. The stock’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is C$0.44.

Rackla Metals Company Profile

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.