Rackla Metals (CVE:RAK) Shares Down 20.8% – Here’s Why

Rackla Metals Inc. (CVE:RAK)’s stock price was down 20.8% during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 2,494,757 shares changed hands during trading, an increase of 253% from the average daily volume of 707,455 shares. The stock had previously closed at C$0.12.

Rackla Metals Trading Up 11.1%

The firm has a market capitalization of C$16.30 million, a PE ratio of -2.00 and a beta of 0.46. 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 company has a fifty day moving average of C$0.18 and a 200-day moving average of C$0.43.

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.