Rackla Metals Inc. (CVE:RAK - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$0.63 and last traded at C$0.60, with a volume of 917594 shares trading hands. The stock had previously closed at C$0.57.
Rackla Metals Stock Performance
The firm has a fifty day moving average of C$0.32 and a 200-day moving average of C$0.21. 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 firm has a market cap of C$57.53 million, a P/E ratio of -8.43 and a beta of 1.45.
Insider Transactions at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox acquired 2,200,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of C$0.31 per share, for a total transaction of C$682,000.00. Insiders have purchased 3,725,667 shares of company stock valued at $1,124,443 over the last quarter. 13.48% of the stock is currently owned by company insiders.
Rackla Metals Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rackla Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rackla Metals wasn't on the list.
While Rackla Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
