Shares of Rackla Metals Inc. (CVE:RAK – Get Free Report) dropped 20.8% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 1,710,910 shares traded hands during trading, an increase of 143% from the average daily volume of 703,252 shares. The stock had previously closed at C$0.12.
Rackla Metals Price Performance
The company has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.44. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$16.30 million, a PE ratio of -2.00 and a beta of 0.46.
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.
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