Rackla Metals (CVE:RAK) Stock Price Down 9.1% – Should You Sell?

Rackla Metals Inc. (CVE:RAK) shares fell 9.1% on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. 779,583 shares changed hands during trading, an increase of 108% from the average session volume of 373,903 shares. The stock had previously closed at C$0.17.

Rackla Metals Stock Performance

The stock has a fifty day moving average price of C$0.14 and a two-hundred day moving average price of C$0.14. The company has a market cap of C$24.44 million, a P/E ratio of -3.00 and a beta of 1.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

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.