Rackla Metals Inc. (CVE:RAK – Get Free Report)’s share price rose 21.4% during mid-day trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.17. 1,367,952 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 532,084 shares. The stock had previously closed at C$0.14.
Rackla Metals Price Performance
The stock has a market capitalization of C$28.52 million, a price-to-earnings ratio of -3.50 and a beta of 2.06. 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 company’s 50 day moving average is C$0.10 and its 200 day moving average 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.
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