Shares of Rackla Metals Inc. (CVE:RAK - Get Free Report) were up 15.4% during trading on Monday . The company traded as high as C$0.75 and last traded at C$0.75. Approximately 1,026,485 shares were traded during trading, an increase of 126% from the average daily volume of 454,180 shares. The stock had previously closed at C$0.65.
Rackla Metals Trading Down 1.5%
The firm has a market capitalization of C$63.38 million, a PE ratio of -9.29 and a beta of 1.45. The stock's fifty day simple moving average is C$0.40 and its 200 day simple moving average is C$0.26. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.
Insider Buying and Selling at Rackla Metals
In other news, insider Alejandro Emiliano Gubbins Cox purchased 2,200,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost 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 in the last three months. Corporate insiders own 13.48% of the company's stock.
About Rackla Metals
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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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