Rackla Metals (CVE:RAK) Shares Up 25.7% – Time to Buy?

Rackla Metals Inc. (CVE:RAK) was up 25.7% on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares changed hands during mid-day trading, an increase of 330% from the average daily volume of 536,433 shares. The stock had previously closed at C$0.70.

Rackla Metals Price Performance

The business has a 50 day moving average price of C$0.61 and a two-hundred day moving average price of C$0.37. The stock has a market cap of C$121.09 million, a PE ratio of -29.33 and a beta of -0.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.

Insider Buying and Selling at Rackla Metals

In related news, insider Alejandro Emiliano Gubbins Cox purchased 1,400,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of C$0.29 per share, with a total value of C$406,000.00. In the last quarter, insiders purchased 2,025,667 shares of company stock valued at $762,443. 13.48% of the stock is owned by insiders.

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.