Rackla Metals (CVE:RAK) Trading Up 23.1% – Here’s Why

Shares of Rackla Metals Inc. (CVE:RAK) rose 23.1% during trading on Friday . The company traded as high as C$0.33 and last traded at C$0.32. Approximately 1,502,234 shares were traded during trading, an increase of 353% from the average daily volume of 331,683 shares. The stock had previously closed at C$0.26.

Rackla Metals Stock Performance

The stock has a market cap of C$31.20 million, a price-to-earnings ratio of -4.57 and a beta of 1.45. The company’s fifty day simple moving average is C$0.23 and its two-hundred day simple moving average is C$0.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

Insider Transactions at Rackla Metals

In related news, insider Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$0.26, for a total value of C$520,000.00. Insiders acquired a total of 44,500 shares of company stock valued at $6,380 over the last three months. Corporate insiders own 13.48% of the company’s stock.

Rackla Metals Company Profile

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.