Rackla Metals Inc. (CVE:RAK - Get Free Report) shares were up 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 Stock 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 firm has a fifty day simple moving average of C$0.65 and a 200 day simple moving average of C$0.39. The company has a market capitalization of C$128.54 million, a price-to-earnings ratio of -27.33 and a beta of -0.13.
Insider Buying and Selling
In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox acquired 200,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of C$0.76 per share, with a total value of C$152,000.00. Following the completion of the acquisition, the insider owned 31,200,000 shares in the company, valued at approximately C$23,712,000. This trade represents a 0.65% increase in their ownership of the stock. Insiders purchased 825,667 shares of company stock valued at $508,443 over the last quarter. 13.48% of the stock is currently owned by company insiders.
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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