Rackla Metals Inc. (CVE:RAK - Get Free Report) shares rose 25.7% 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 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 quick ratio of 6.93 and a current ratio of 4.57. The business has a fifty day moving average of C$0.61 and a two-hundred day moving average of C$0.37. The firm has a market cap of C$121.09 million, a price-to-earnings ratio of -29.33 and a beta of -0.13.
Insider Transactions at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of Rackla Metals stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average price of C$0.64 per share, with a total value of C$320,000.00. Over the last 90 days, insiders purchased 2,025,667 shares of company stock valued at $762,443. 13.48% of the stock is currently owned by corporate insiders.
About Rackla Metals
(
Get Free Report)
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.
Further Reading
Before you consider Rackla Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rackla Metals wasn't on the list.
While Rackla Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.