Rackla Metals (CVE:RAK) Trading 27.3% Higher – Should You Buy?

Rackla Metals Inc. (CVE:RAK) shot up 27.3% on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,542,153 shares were traded during mid-day 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 Up 27.3%

The firm has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.35. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$22.81 million, a P/E 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.