Rackla Metals (CVE:RAK) Sets New 1-Year High - Time to Buy?

Rackla Metals Inc. (CVE:RAK - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$0.63 and last traded at C$0.60, with a volume of 878116 shares. The stock had previously closed at C$0.53.

Rackla Metals Stock Performance

The firm has a market capitalization of C$63.38 million, a price-to-earnings ratio of -9.29 and a beta of 1.45. The company has a fifty day moving average of C$0.38 and a two-hundred day moving average of C$0.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.

Insiders Place Their Bets

In other news, insider Alejandro Emiliano Gubbins Cox purchased 125,667 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of C$0.29 per share, with a total value of C$36,443.43. Over the last ninety days, insiders purchased 3,725,667 shares of company stock worth $1,124,443. Company insiders own 13.48% of the company's stock.

About Rackla Metals

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.