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

Key Points

• Rackla Metals Inc. experienced a significant stock price increase of 25.7%, closing at C$0.88 after trading as high as C$0.91.
• Insider transactions include the purchase of 500,000 shares by Alejandro Emiliano Gubbins Cox at C$0.64, with total insider acquisitions reaching over C$762,000 in the last ninety days.
• The company holds a 100% interest in the Rivier property in Yukon and also has interests in the Tombstone Gold Belt projects across Yukon and Northwest Territories.

Rackla Metals Inc. (CVE:RAK - )'s stock price shot up 25.7% on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. 2,304,759 shares were traded 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 Trading Up 25.7%

The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The business's 50-day moving average is C$0.61 and its two-hundred day moving average is 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.

Insider Buying and Selling at Rackla Metals

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of the stock in a transaction that occurred 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. Over the last ninety days, insiders have bought 2,025,667 shares of company stock worth $762,443. 13.48% of the stock is owned by corporate 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.

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