Rackla Metals (CVE:RAK) Trading Up 27.3% – Here’s Why

Rackla Metals Inc. (CVE:RAK) shares were up 27.3% during mid-day trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares traded hands during trading, an increase of 407% from the average daily volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The stock’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.35. The company has a market capitalization of C$22.81 million, a P/E ratio of -2.80 and a beta of 2.06.

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