Rackla Metals Inc (CVE:RAK) dropped 7.7% on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12, approximately 7,000 shares were traded during trading. A decline of 35% from the average daily volume of 10,722 shares. The stock had previously closed at C$0.13.

The stock has a 50-day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.12. The firm has a market capitalization of $2.43 million and a P/E ratio of -9.23.

About Rackla Metals (CVE:RAK)

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

Recommended Story: What is cost of equity?

Receive News & Ratings for Rackla Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rackla Metals and related companies with MarketBeat.com's FREE daily email newsletter.