Rackla Metals (CVE:RAK) Shares Up 23.1% – Still a Buy?

Rackla Metals Inc. (CVE:RAK) shares shot up 23.1% during trading on Friday . The company traded as high as C$0.33 and last traded at C$0.32. 1,502,234 shares traded hands during mid-day trading, an increase of 353% from the average session volume of 331,683 shares. The stock had previously closed at C$0.26.

Rackla Metals Price Performance

The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The stock has a market cap of C$31.20 million, a P/E ratio of -4.57 and a beta of 1.45. The firm has a 50 day moving average price of C$0.23 and a 200 day moving average price of C$0.16.

Insider Buying and Selling

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$0.26, for a total transaction of C$520,000.00. In the last ninety days, insiders bought 44,500 shares of company stock valued at $6,380. 13.48% of the stock is owned by corporate insiders.

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.