Rackla Metals (CVE:RAK) Stock Price Down 25% – Here’s Why

Rackla Metals Inc. (CVE:RAK) dropped 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 were traded 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 Down 25.0%

The company has a market cap of C$14.67 million, a P/E ratio of -1.80 and a beta of 0.46. The company’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

About Rackla Metals

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.