Rackla Metals (CVE:RAK) Shares Up 7.8% - Still a Buy?

Rackla Metals Inc. (CVE:RAK - Get Free Report)'s share price traded up 7.8% during mid-day trading on Thursday . The company traded as high as C$0.55 and last traded at C$0.55. 328,656 shares were traded during mid-day trading, a decline of 18% from the average session volume of 402,215 shares. The stock had previously closed at C$0.51.

Rackla Metals Stock Up 11.8%

The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The stock has a market cap of C$55.58 million, a price-to-earnings ratio of -8.14 and a beta of 1.45. The business's fifty day moving average is C$0.32 and its two-hundred day moving average is C$0.21.

Insiders Place Their Bets

In related news, insider Alejandro Emiliano Gubbins Cox bought 2,200,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of C$0.31 per share, with a total value of C$682,000.00. In the last ninety days, insiders have bought 3,725,667 shares of company stock worth $1,124,443. Company insiders own 13.48% of the company's stock.

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.