Rackla Metals (CVE:RAK) Stock Price Down 8.1% – Here’s Why

Rackla Metals Inc. (CVE:RAK)’s share price traded down 8.1% during mid-day trading on Thursday . The company traded as low as C$0.17 and last traded at C$0.17. 126,173 shares were traded during mid-day trading, a decline of 66% from the average session volume of 367,814 shares. The stock had previously closed at C$0.19.

Rackla Metals Stock Down 8.1%

The firm has a market cap of C$27.70 million, a PE ratio of -3.40 and a beta of 1.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The company’s 50-day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.16.

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.