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

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

Rackla Metals Stock Performance

The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of C$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06. The stock’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.35.

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.