Rackla Metals (CVE:RAK) Shares Down 7.4% - Here's What Happened

Rackla Metals Inc. (CVE:RAK - Get Free Report)'s share price traded down 7.4% on Tuesday . The stock traded as low as C$0.48 and last traded at C$0.50. 744,392 shares traded hands during trading, an increase of 76% from the average session volume of 423,023 shares. The stock had previously closed at C$0.54.

Rackla Metals Stock Performance

The firm has a market capitalization of C$45.34 million, a PE ratio of -6.64 and a beta of 1.45. The firm's fifty day moving average is C$0.34 and its two-hundred day moving average is C$0.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

Insiders Place Their Bets

In other news, insider Alejandro Emiliano Gubbins Cox purchased 2,200,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of C$0.31 per share, for a total transaction of C$682,000.00. Insiders have bought 3,725,667 shares of company stock worth $1,124,443 in the last 90 days. 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.