Rackla Metals (CVE:RAK) Stock Price Down 15% – Here’s Why

Shares of Rackla Metals Inc. (CVE:RAK – Get Free Report) dropped 15% during mid-day trading on Monday . The company traded as low as C$0.08 and last traded at C$0.09. Approximately 4,328,384 shares traded hands during trading, an increase of 502% from the average daily volume of 719,561 shares. The stock had previously closed at C$0.10.

Rackla Metals Price Performance

The firm has a market cap of C$14.67 million, a P/E ratio of -1.80 and a beta of 0.46. The stock’s 50-day moving average is C$0.16 and its 200-day moving average 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

(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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