Rackla Metals (CVE:RAK) Stock Price Up 12.5% – What’s Next?

Rackla Metals Inc. (CVE:RAK) shares traded up 12.5% on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 1,012,000 shares changed hands during mid-day trading, an increase of 177% from the average session volume of 365,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Trading Up 12.5 %

The firm has a market capitalization of C$8.78 million, a price-to-earnings ratio of -1.29 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 has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.10.

Insider Buying and Selling 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 shares were acquired at an average price of C$0.10 per share, with a total value of C$30,000.00. Insiders have purchased 1,393,500 shares of company stock valued at $146,630 over the last three months. 13.48% of the stock is owned by company 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.