Rackla Metals (CVE:RAK) Trading 27.3% Higher – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s share price shot up 27.3% during mid-day 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 Up 27.3%

The firm’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.35. The stock has a market cap of C$22.81 million, a P/E ratio of -2.80 and a beta of 2.06. 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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.