Rackla Metals (CVE:RAK) Shares Down 39.4% – Should You Sell?

Rackla Metals Inc. (CVE:RAK – Get Free Report) shares dropped 39.4% on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 4,194,678 shares were traded during mid-day trading, an increase of 498% from the average daily volume of 701,877 shares. The stock had previously closed at C$0.17.

Rackla Metals Trading Down 39.4%

The stock’s fifty day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.44. The firm has a market cap of C$15.68 million, a PE ratio of -3.33 and a beta of 0.67. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

About Rackla Metals

(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.

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