Rackla Metals (CVE:RAK) Trading Down 8.6% – Here’s What Happened

Rackla Metals Inc. (CVE:RAKGet Free Report) dropped 8.6% during mid-day trading on Tuesday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 510,572 shares traded hands during trading, a decline of 6% from the average daily volume of 540,376 shares. The stock had previously closed at C$0.18.

Rackla Metals Stock Down 5.7%

The stock’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.35. The firm has a market cap of C$26.89 million, a P/E ratio of -3.30 and a beta of 2.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

Rackla Metals Company Profile

(Get Free Report)

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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