Rackla Metals (CVE:RAK) Shares Up 27.3% – Time to Buy?

Rackla Metals Inc. (CVE:RAK) shares shot up 27.3% during mid-day trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,542,153 shares changed hands during trading, an increase of 407% from the average session volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Stock Performance

The stock has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.35. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06.

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.