Rackla Metals (CVE:RAK) Trading Up 16.7% – Here’s Why

Rackla Metals Inc. (CVE:RAK) traded up 16.7% during trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.11. 466,000 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 380,891 shares. The stock had previously closed at C$0.09.

Rackla Metals Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The firm has a market capitalization of C$10.24 million, a P/E ratio of -1.50 and a beta of 1.45. The business has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.10.

Insider Activity

In other news, Director Simon T.P. Ridgway acquired 300,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was acquired at an average price of C$0.10 per share, for a total transaction of C$30,000.00. Over the last ninety days, insiders have acquired 1,393,500 shares of company stock valued at $146,630. Company 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.