Rackla Metals (CVE:RAK) Stock Price Down 36.4% – Here’s Why

Rackla Metals Inc. (CVE:RAKGet Free Report) was down 36.4% during trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.11. Approximately 2,931,450 shares were traded during trading, an increase of 322% from the average daily volume of 694,269 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Down 36.4%

The company has a market cap of C$16.46 million, a PE ratio of -3.50 and a beta of 0.67. The stock’s 50 day moving average price is C$0.31 and its 200-day moving average price is C$0.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.

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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