Shares of Rackla Metals Inc. (CVE:RAK - Get Free Report) were up 25.7% during trading 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 Price Performance
The business's 50 day moving average is C$0.62 and its two-hundred day moving average is C$0.38. The firm has a market capitalization of C$115.59 million, a PE ratio of -28.00 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.
Insiders Place Their Bets
In related news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of C$0.64 per share, with a total value of C$320,000.00. 13.48% of the stock is owned by corporate 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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