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

Key Points

• Rackla Metals Inc. (CVE:RAK) achieved a new 52-week high, trading at C$0.82 during mid-day trading with a market cap of C$80.93 million.
• Insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares at C$0.64 each, contributing to a total of over 2 million shares bought by insiders in the last 90 days.
• The company maintains a strong liquidity profile with a quick ratio of 6.93 and a current ratio of 4.57, indicating robust financial health.

Rackla Metals Inc. (CVE:RAK - )'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.82 and last traded at C$0.80, with a volume of 377215 shares changing hands. The stock had previously closed at C$0.79.

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$0.52 and its 200 day moving average price is C$0.33. The company has a market cap of C$80.93 million, a price-to-earnings ratio of -11.86 and a beta of 1.45.

Insider Activity at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of Rackla Metals stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of C$0.64 per share, for a total transaction of C$320,000.00. In the last 90 days, insiders have acquired 2,025,667 shares of company stock valued at $762,443. 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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