Rackla Metals (CVE:RAK) Trading 23.1% Higher – Here’s What Happened

Rackla Metals Inc. (CVE:RAK) shares traded up 23.1% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. 203,260 shares traded hands during trading, an increase of 11% from the average session volume of 183,782 shares. The stock had previously closed at C$0.13.

Rackla Metals Trading Up 6.7 %

The company has a market capitalization of C$15.60 million, a price-to-earnings ratio of -2.29 and a beta of 1.45. The firm has a fifty day moving average price of C$0.12 and a 200-day moving average price of C$0.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.

Insiders Place Their Bets

In other Rackla Metals news, Director Simon T.P. Ridgway bought 300,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of C$0.10 per share, for a total transaction of C$30,000.00. Insiders have bought 1,115,000 shares of company stock worth $116,700 over the last ninety days. Corporate insiders own 13.48% of the company’s stock.

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.