Rackla Metals (CVE:RAK) Trading Down 36.4% – Time to Sell?

by · The Markets Daily

Rackla Metals Inc. (CVE:RAK – Get Free Report) shares were down 36.4% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.11. Approximately 2,931,450 shares were traded during mid-day trading, an increase of 322% from the average daily volume of 694,269 shares. The stock had previously closed at C$0.17.

Rackla Metals Price Performance

The company’s 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.44. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$15.68 million, a PE 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.

Read More