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

Rackla Metals logo with Basic Materials background

Key Points

  • Rackla Metals Inc. saw its stock price increase by 25.7%, rising from C$0.70 to a high of C$0.91 during mid-day trading.
  • The company experienced a significant surge in trading volume, with 2,304,759 shares traded, marking a 330% increase compared to its average session volume.
  • Insider Alejandro Emiliano Gubbins Cox purchased 1,400,000 shares at C$0.29 each, contributing to a total of 2,025,667 shares bought by insiders in the last ninety days.
  • Five stocks to consider instead of Rackla Metals.

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

(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.

See Also

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