Rackla Metals (CVE:RAK) Shares Up 27.3% – Still a Buy?

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

The company’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.35. 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. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

Rackla Metals Company Profile

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.