Rackla Metals (CVE:RAK) Shares Down 39.4% – Time to Sell?

by · The Cerbat Gem

Shares of Rackla Metals Inc. (CVE:RAK – Get Free Report) dropped 39.4% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 4,194,678 shares changed hands 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 company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The firm’s 50 day moving average price is C$0.31 and its 200 day moving average price is C$0.45. The stock has a market capitalization of C$15.68 million, a P/E ratio of -3.33 and a beta of 0.67.

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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