Rackla Metals (CVE:RAK) Stock Price Down 9.1% – Should You Sell?

Shares of Rackla Metals Inc. (CVE:RAK) dropped 9.1% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 779,583 shares changed hands during trading, an increase of 108% from the average daily volume of 373,903 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Down 9.1%

The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The stock’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.14. The stock has a market cap of C$24.44 million, a P/E ratio of -3.00 and a beta of 1.82.

About Rackla Metals

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.