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

Rackla Metals Inc. (CVE:RAK) was down 25% during trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 2,652,712 shares changed hands 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 current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of C$14.67 million, a P/E ratio of -1.80 and a beta of 0.46. The firm has a 50-day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.43.

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.