Rackla Metals (CVE:RAK) Shares Up 25% – Should You Buy?

Rackla Metals Inc. (CVE:RAKGet Free Report) shares shot up 25% on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.18. 1,905,238 shares traded hands during 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 Price Performance

The firm has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The firm has a market capitalization of C$28.52 million, a P/E ratio of -3.50 and a beta of 2.06.

About Rackla Metals

(Get Free Report)

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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