Rackla Metals (CVE:RAK) Stock Price Down 39.4% – What’s Next?

Rackla Metals Inc. (CVE:RAKGet Free Report) shares were down 39.4% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 4,194,678 shares were traded during trading, an increase of 498% from the average daily volume of 701,556 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The stock’s 50 day moving average price is C$0.31 and its two-hundred day moving average price is C$0.45. The firm has a market capitalization of C$15.68 million, a PE ratio of -3.33 and a beta of 0.67. 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

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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.

Further Reading

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