Rackla Metals Inc. (
CVE:RAK -
Get Free Report) traded up 24.6% during mid-day trading on Thursday . The company traded as high as C$0.86 and last traded at C$0.86. 1,687,454 shares traded hands during mid-day trading, an increase of 186% from the average session volume of 589,850 shares. The stock had previously closed at C$0.69.
Rackla Metals Price Performance
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 company has a market capitalization of C$131.68 million, a P/E ratio of -28.00 and a beta of -0.13. The company's 50-day simple moving average is C$0.73 and its 200 day simple moving average is C$0.45.
Insider Buying and Selling at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of C$0.64 per share, for a total transaction of C$320,000.00. Also, insider Sally Whittall sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$0.75, for a total value of C$30,000.00. Following the completion of the transaction, the insider directly owned 10,384 shares in the company, valued at C$7,788. The trade was a 79.39% decrease in their ownership of the stock. Over the last three months, insiders have purchased 1,000,000 shares of company stock worth $685,000 and have sold 90,000 shares worth $67,200. Corporate insiders own 13.48% of the company's stock.
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.
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