Rackla Metals (CVE:RAK) Stock Price Down 39.4% – Here’s Why

Shares of Rackla Metals Inc. (CVE:RAK) fell 39.4% on Friday . The stock traded as low as C$0.09 and last traded at C$0.10. 4,194,678 shares changed hands during mid-day trading, an increase of 498% from the average session volume of 701,877 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The stock’s fifty day moving average is C$0.28 and its two-hundred day moving average is C$0.44. The firm has a market capitalization of C$15.68 million, a price-to-earnings ratio of -3.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.

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.