Rackla Metals (CVE:RAK) Trading Up 12.5% – Still a Buy?

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. Approximately 1,012,000 shares traded hands during mid-day trading, an increase of 177% from the average daily volume of 365,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Performance

The firm’s fifty day moving average is C$0.11 and its 200 day moving average is C$0.10. 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 current ratio of 4.57 and a quick ratio of 6.93.

Insider Transactions at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway bought 300,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of C$0.10 per share, with a total value of C$30,000.00. Over the last ninety days, insiders have purchased 1,393,500 shares of company stock valued at $146,630. 13.48% of the stock is owned by 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.