Rackla Metals (CVE:RAK) Shares Down 39.4% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s share price was down 39.4% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 4,122,178 shares traded hands during trading, an increase of 488% from the average daily volume of 701,291 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Down 39.4%

The company has a market capitalization 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 has a 50-day moving average of C$0.31 and a 200 day moving average of C$0.45.

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.