Rackla Metals (CVE:RAK) Stock Price Down 39.4% – Time to Sell?

Rackla Metals Inc. (CVE:RAKGet Free Report)’s share price traded down 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 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 Price Performance

The stock has a 50 day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.44. The company has a market cap 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 current ratio of 4.57 and a quick ratio of 6.93.

Rackla Metals Company Profile

(Get Free Report)

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.

Further Reading

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