Rackla Metals (CVE:RAK) Stock Price Up 25.7% - Should You Buy?

Key Points

• Rackla Metals Inc. experienced a significant share price increase of 25.7%, reaching a high of C$0.91 during mid-day trading on Saturday.
• The company has a market capitalization of C$121.09 million and notable financial ratios, including a debt-to-equity ratio of 0.33 and a current ratio of 4.57.
• Insider activity is notable, with insiders acquiring a total of 2,025,667 shares worth $762,443 over the past ninety days, indicating confidence in the company's prospects.

Rackla Metals Inc. (CVE:RAK - )'s share price 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 Price Performance

The company has a fifty day moving average of C$0.61 and a 200-day moving average of C$0.37. The firm 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.

Insider Transactions at Rackla Metals

In related 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 stock was acquired at an average price of C$0.64 per share, for a total transaction of C$320,000.00. Insiders acquired a total of 2,025,667 shares of company stock worth $762,443 in the last ninety days. Corporate insiders own 13.48% of the company's stock.

About Rackla Metals

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.