Rackla Metals (CVE:RAK) Hits New 52-Week High - Here's What Happened

Key Points

• Rackla Metals Inc. reached a new 52-week high stock price of C$1.00, with the last traded price at C$0.91 and a trading volume of over 1 million shares.
• The company's debt-to-equity ratio is 0.33 and it has a market capitalization of C$141.09 million, indicating strong liquidity with a quick ratio of 6.93.
• Insider Alejandro Emiliano Gubbins Cox acquired an additional 200,000 shares of Rackla Metals, increasing their ownership stake by 0.65% following significant purchases over the past three months.

Rackla Metals Inc. (CVE:RAK - )'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$1.00 and last traded at C$0.91, with a volume of 1036676 shares changing hands. The stock had previously closed at C$1.00.

Rackla Metals Price Performance

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 company's 50 day moving average price is C$0.67 and its 200 day moving average price is C$0.40. The company has a market cap of C$141.09 million, a price-to-earnings ratio of -30.00 and a beta of -0.13.

Insider Activity at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox bought 200,000 shares of Rackla Metals stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of C$0.76 per share, for a total transaction of C$152,000.00. Following the purchase, the insider owned 31,200,000 shares of the company's stock, valued at approximately C$23,712,000. This trade represents a 0.65% increase in their ownership of the stock. In the last 90 days, insiders have acquired 1,000,000 shares of company stock valued at $685,000. 13.48% of the stock is currently 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.

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