Rackla Metals (CVE:RAK) Stock Price Up 27.3% – Here’s What Happened
by Doug Wharley · The Cerbat GemRackla Metals Inc. (CVE:RAK – Get Free Report)’s share price was up 27.3% on Friday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares changed hands during trading, an increase of 407% from the average daily volume of 501,204 shares. The stock had previously closed at C$0.11.
Rackla Metals Price Performance
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 firm has a market capitalization of C$22.81 million, a PE ratio of -2.80 and a beta of 2.06. The firm has a 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.36.
Rackla Metals Company Profile
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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.