Rackla Metals (CVE:RAK) Stock Price Down 25% – Time to Sell?

by · The Cerbat Gem

Rackla Metals Inc. (CVE:RAK – Get Free Report)’s stock price was down 25% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 2,652,712 shares changed hands during trading, an increase of 275% from the average daily volume of 708,253 shares. The stock had previously closed at C$0.12.

Rackla Metals Trading Up 11.1%

The business’s fifty day moving average is C$0.16 and its 200 day moving average is C$0.43. 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 quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

Rackla Metals Company Profile

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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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