Rackla Metals (CVE:RAK) Trading Up 15.4% – Still a Buy?

Shares of Rackla Metals Inc. (CVE:RAK) rose 15.4% during trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 178,750 shares were traded during trading, a decline of 2% from the average daily volume of 183,101 shares. The stock had previously closed at C$0.13.

Rackla Metals Stock Up 23.1 %

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 company has a market capitalization of C$15.60 million, a PE ratio of -2.29 and a beta of 1.45. The business’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.10.

Insider Transactions at Rackla Metals

In related news, Director Simon T.P. Ridgway purchased 300,000 shares of Rackla Metals stock in a transaction dated Wednesday, January 8th. The stock was acquired at an average cost of C$0.10 per share, with a total value of C$30,000.00. Insiders purchased 1,115,000 shares of company stock valued at $116,700 over the last three months. 13.48% of the stock is owned by corporate 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.