Rackla Metals (CVE:RAK) Trading Down 36.4% – Here’s What Happened

by · The Cerbat Gem

Rackla Metals Inc. (CVE:RAK – Get Free Report) traded down 36.4% during trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.11. 3,969,966 shares were traded during mid-day trading, an increase of 466% from the average session volume of 700,835 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The business’s 50 day simple moving average is C$0.28 and its 200 day simple moving average is C$0.44. 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 market capitalization of C$15.68 million, a price-to-earnings ratio of -3.33 and a beta of 0.67.

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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