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

Rackla Metals Inc. (CVE:RAK) rose 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 were traded 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 firm has a market capitalization of C$121.09 million, a P/E 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. The business has a 50 day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.37.

Insider Activity at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox acquired 1,400,000 shares of Rackla Metals stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average cost of C$0.29 per share, for a total transaction of C$406,000.00. In the last 90 days, insiders bought 2,025,667 shares of company stock worth $762,443. 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.