Rackla Metals (CVE:RAK) Stock Price Down 16.7% – Here’s Why

by · The Cerbat Gem

Rackla Metals Inc. (CVE:RAK – Get Free Report)’s share price dropped 16.7% during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 1,214,580 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 702,353 shares. The stock had previously closed at C$0.12.

Rackla Metals Stock Up 11.1%

The stock has a market cap of C$16.30 million, a P/E ratio of -2.00 and a beta of 0.46. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The company has a 50-day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.43.

Rackla Metals Company Profile

(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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