Rackla Metals (CVE:RAK) Trading Up 19.2% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK) shares traded up 19.2% during mid-day trading on Friday . The stock traded as high as C$0.31 and last traded at C$0.31. 308,930 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 220,501 shares. The stock had previously closed at C$0.26.

Rackla Metals Trading Up 15.4 %

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 capitalization of C$29.25 million, a P/E ratio of -4.29 and a beta of 1.45. The business has a 50 day moving average of C$0.20 and a 200-day moving average of C$0.14.

Rackla Metals Company Profile

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.