Rackla Metals (CVE:RAK) Trading Down 15% – What’s Next?

by · The Cerbat Gem

Rackla Metals Inc. (CVE:RAK – Get Free Report) was down 15% during trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.09. Approximately 4,406,384 shares changed hands during mid-day trading, an increase of 510% from the average daily volume of 722,346 shares. The stock had previously closed at C$0.10.

Rackla Metals Trading Down 15.0%

The firm has a market cap of C$13.85 million, a P/E ratio of -1.70 and a beta of 0.46. The business’s 50-day moving average is C$0.16 and its two-hundred day moving average is C$0.43. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

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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