Rackla Metals Inc. (CVE:RAK – Get Free Report) was down 20.8% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 2,494,757 shares traded hands during mid-day 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 cap of C$16.30 million, a price-to-earnings ratio of -2.00 and a beta of 0.46. The company’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.43. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.
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.
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