Rackla Metals (CVE:RAK) Shares Down 25% – Here’s Why

by · The Cerbat Gem

Rackla Metals Inc. (CVE:RAK – Get Free Report)’s share price dropped 25% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 2,652,712 shares were traded during trading, an increase of 274% from the average daily volume of 708,472 shares. The stock had previously closed at C$0.12.

Rackla Metals Stock Performance

The firm has a market capitalization of C$16.30 million, a price-to-earnings ratio of -2.00 and a beta of 0.46. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is C$0.16 and its 200-day moving average is 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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