Rackla Metals (CVE:RAK) Trading Down 25% – Should You Sell?

Rackla Metals Inc. (CVE:RAKGet Free Report) was down 25% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 2,652,712 shares changed hands during mid-day 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 Up 11.1%

The firm’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.43. The company has a market cap of C$16.30 million, a PE 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

(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.

Further Reading

Receive News & Ratings for Rackla Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rackla Metals and related companies with MarketBeat.com's FREE daily email newsletter.