Rackla Metals Inc. (CVE:RAK – Get Free Report) shares shot up 25% during trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.18. 1,905,238 shares changed hands during mid-day trading, an increase of 244% from the average session volume of 553,205 shares. The stock had previously closed at C$0.14.
Rackla Metals Stock Up 25.0%
The firm has a 50 day moving average price of C$0.11 and a 200-day moving average price of C$0.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The firm has a market cap of C$28.52 million, a price-to-earnings ratio of -3.50 and a beta of 2.06.
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.
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