Rackla Metals (CVE:RAK) Trading 27.3% Higher – What’s Next?

Rackla Metals Inc. (CVE:RAK)’s share price rose 27.3% during trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares changed hands during mid-day trading, an increase of 407% from the average daily volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Price Performance

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 company has a market capitalization of C$22.81 million, a P/E ratio of -2.80 and a beta of 2.06. The business’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.35.

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.