Shares of Rackla Metals Inc. (
CVE:RAK -
Get Free Report) shot up 25.7% during mid-day trading on Saturday . The stock traded as high as C$0.91 and last traded at C$0.88. 2,304,759 shares changed hands during trading, an increase of 330% from the average session volume of 536,433 shares. The stock had previously closed at C$0.70.
Rackla Metals Stock Up 25.7%
The company has a market cap of C$121.09 million, a P/E ratio of -29.33 and a beta of -0.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The company's 50-day moving average is C$0.61 and its two-hundred day moving average is C$0.37.
Insider Buying and Selling at Rackla Metals
In other news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of Rackla Metals stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of C$0.64 per share, with a total value of C$320,000.00. Insiders have purchased a total of 2,025,667 shares of company stock worth $762,443 over the last ninety days. 13.48% of the stock is owned by company insiders.
About Rackla Metals
(
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.
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