Rackla Metals (CVE:RAK) Trading 27.3% Higher – Here’s What Happened

Rackla Metals Inc. (CVE:RAKGet Free Report)’s stock price traded up 27.3% on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. 2,542,153 shares changed hands during mid-day trading, an increase of 407% from the average session volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Trading Up 27.3%

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$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06. The company has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.36.

About Rackla Metals

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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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

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