Rackla Metals (CVE:RAK) Stock Price Up 27.3% – Here’s What Happened
by Danessa Lincoln · The Markets DailyRackla Metals Inc. (CVE:RAK – Get Free Report) shares rose 27.3% during mid-day trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares changed hands during mid-day 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 Up 27.3%
The company has a market cap of C$22.81 million, a P/E ratio of -2.80 and a beta of 2.06. The company has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.36. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.
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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.