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

Rackla Metals Inc. (CVE:RAK)’s stock price traded down 25% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. 2,244,557 shares were traded during trading, an increase of 218% from the average session volume of 705,229 shares. The stock had previously closed at C$0.12.

Rackla Metals Trading Down 20.8%

The company has a market capitalization of C$15.48 million, a P/E ratio of -1.90 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. The firm’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.44.

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.