Rackla Metals (CVE:RAK) Shares Up 15.4% - Should You Buy?

Key Points

• Rackla Metals Inc. shares surged 15.4% to C$0.75, with over 1 million shares traded, marking a significant increase in trading volume.
• Insider Alejandro Emiliano Gubbins Cox purchased 2.2 million shares at C$0.31 each, contributing to a total of 3.7 million shares acquired by insiders in the last ninety days.
• The company, focused on gold exploration, holds a 100% interest in the Rivier property and additional interests in the Tombstone Gold Belt projects across Yukon and Northwest Territories.

Rackla Metals Inc. (CVE:RAK - )'s stock price shot up 15.4% during mid-day trading on Monday . The company traded as high as C$0.75 and last traded at C$0.75. 1,026,485 shares traded hands during trading, an increase of 126% from the average session volume of 454,180 shares. The stock had previously closed at C$0.65.

Rackla Metals Stock Up 4.6%

The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of C$0.38 and a 200-day moving average of C$0.25. The firm has a market cap of C$66.31 million, a price-to-earnings ratio of -9.71 and a beta of 1.45.

Insider Transactions at Rackla Metals

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox purchased 2,200,000 shares of Rackla Metals stock in a transaction on Friday, May 23rd. The stock was bought at an average price of C$0.31 per share, for a total transaction of C$682,000.00. In the last ninety days, insiders acquired 3,725,667 shares of company stock worth $1,124,443. Insiders own 13.48% of the company's stock.

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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