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

Shares of Rackla Metals Inc. (CVE:RAK) rose 23.1% on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 203,260 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 183,782 shares. The stock had previously closed at C$0.13.

Rackla Metals Stock Performance

The company has a market cap of C$15.60 million, a P/E ratio of -2.29 and a beta of 1.45. 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 business has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.10.

Insider Activity at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway purchased 300,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were 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 acquired 1,115,000 shares of company stock worth $116,700. 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.