Shares of Rackla Metals Inc. (CVE:RAK - Get Free Report) rose 25.7% during trading on Saturday . The stock traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares were traded during mid-day 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 quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The company's 50 day moving average is C$0.65 and its 200 day moving average is C$0.39. The firm has a market capitalization of C$128.54 million, a price-to-earnings ratio of -27.33 and a beta of -0.13.
Insider Activity at Rackla Metals
In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. Insiders have bought 825,667 shares of company stock valued at $508,443 in the last 90 days. 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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