Rackla Metals (CVE:RAK) Shares Up 23.1% – Should You Buy?

Rackla Metals Inc. (CVE:RAK)’s share price traded up 23.1% on Friday . The company traded as high as C$0.33 and last traded at C$0.32. 1,502,234 shares were traded during mid-day trading, an increase of 353% from the average session volume of 331,683 shares. The stock had previously closed at C$0.26.

Rackla Metals Price Performance

The firm has a market capitalization of C$31.20 million, a PE ratio of -4.57 and a beta of 1.45. 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 business’s 50 day moving average is C$0.22 and its two-hundred day moving average is C$0.15.

Insider Activity

In other news, insider Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$0.26, for a total transaction of C$520,000.00. Insiders bought 44,500 shares of company stock worth $6,380 in the last three months. Corporate insiders own 13.48% of the company’s stock.

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.