Rackla Metals Inc. (RAK.V) (CVE:RAK) Trading Down 36%

Shares of Rackla Metals Inc. (RAK.V) (CVE:RAK) dropped 36% during mid-day trading on Tuesday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 139,720 shares were traded during trading, an increase of 397% from the average daily volume of 28,112 shares. The stock had previously closed at C$0.50.

The firm has a market capitalization of C$10.68 million and a price-to-earnings ratio of -36.67. The business’s fifty day moving average is C$0.18 and its 200 day moving average is C$0.17.

About Rackla Metals Inc. (RAK.V) (CVE:RAK)

Rackla Metals Inc, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, precious, and base metals properties. It holds a 100% interest in the Rivier property, which includes 116 claims covering an area of 2,404 hectares located in the Watson Lake Mining District.

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