Rackla Metals (CVE:RAK) Trading Up 25.7% – Here’s Why

Rackla Metals Inc. (CVE:RAK)’s stock price was up 25.7% during mid-day trading on Saturday . The stock traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares traded hands during 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 Trading Up 25.7%

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 company has a fifty day moving average of C$0.61 and a 200-day moving average of C$0.37. The firm has a market capitalization of C$121.09 million, a PE ratio of -29.33 and a beta of -0.13.

Insider Activity

In related news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were bought at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. Insiders acquired 2,025,667 shares of company stock worth $762,443 in the last ninety days. 13.48% of the stock is currently owned by company 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.