Rackla Metals (CVE:RAK) Trading 12.5% Higher – Still a Buy?

Rackla Metals Inc. (CVE:RAK)’s share price was up 12.5% during mid-day trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 970,000 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 319,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Up 12.5 %

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 stock has a market cap of C$8.78 million, a price-to-earnings ratio of -1.29 and a beta of 1.45. The business’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.10.

Insider Activity at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway acquired 300,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average cost of C$0.10 per share, with a total value of C$30,000.00. Insiders acquired a total of 1,393,500 shares of company stock worth $146,630 in the last 90 days. 13.48% of the stock is owned by insiders.

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.