Rackla Metals (CVE:RAK) Trading Up 25.7% - Still a Buy?

Key Points

• Rackla Metals Inc. shares surged 25.7% during trading, reaching as high as C$0.91, significantly increasing trading volume by 330% compared to the average session.
• The company has a market capitalization of C$121.09 million, with a PE ratio of -29.33 and substantial liquidity indicated by a quick ratio of 6.93.
• Insider Alejandro Emiliano Gubbins Cox purchased 1.4 million shares at C$0.29 each, contributing to a total of 2,025,667 shares bought by insiders in the past 90 days.

Rackla Metals Inc. (CVE:RAK - Get Free Report) rose 25.7% during mid-day trading on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares traded hands during trading, an increase of 330% from the average daily volume of 536,433 shares. The stock had previously closed at C$0.70.

Rackla Metals Price Performance

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 stock has a market cap of C$128.54 million, a PE ratio of -27.33 and a beta of -0.13. The firm's 50 day moving average price is C$0.64 and its two-hundred day moving average price is C$0.38.

Insider Activity at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of C$0.64 per share, with a total value of C$320,000.00. Insiders bought a total of 825,667 shares of company stock valued at $508,443 in the last quarter. 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.