Rackla Metals (CVE:RAK) Stock Price Down 36.4% – Should You Sell?

by · The Markets Daily

Rackla Metals Inc. (CVE:RAK – Get Free Report) dropped 36.4% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.11. Approximately 3,583,666 shares traded hands during mid-day trading, an increase of 413% from the average daily volume of 699,173 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The stock 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. The stock’s fifty day moving average price is C$0.28 and its 200 day moving average price is C$0.44.

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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