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

Rackla Metals Inc. (CVE:RAK)’s share price was up 27.3% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares traded 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 Stock Performance

The stock has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.35. The firm has a market cap of C$22.81 million, a price-to-earnings 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.