Rackla Metals (CVE:RAK) Shares Up 25.7% – What’s Next?

Rackla Metals Inc. (CVE:RAK)’s share price shot up 25.7% on Saturday . The stock traded as high as C$0.91 and last traded at C$0.88. 2,304,759 shares were traded during trading, an increase of 330% from the average session volume of 536,433 shares. The stock had previously closed at C$0.70.

Rackla Metals Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The stock has a market capitalization of C$121.09 million, a P/E ratio of -29.33 and a beta of -0.13. The company’s 50 day simple moving average is C$0.61 and its two-hundred day simple moving average is C$0.37.

Insiders Place Their Bets

In other news, insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of C$0.64 per share, with a total value of C$320,000.00. Insiders have bought 2,025,667 shares of company stock worth $762,443 over the last quarter. 13.48% of the stock is currently 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.