Rackla Metals (CVE:RAK) Stock Price Down 20.8% – Time to Sell?

Rackla Metals Inc. (CVE:RAKGet Free Report)’s share price fell 20.8% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. 2,494,757 shares were traded during trading, an increase of 253% from the average session volume of 707,455 shares. The stock had previously closed at C$0.12.

Rackla Metals Stock Down 20.8%

The business has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.44. 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 has a market cap of C$15.48 million, a P/E ratio of -1.90 and a beta of 0.46.

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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