Rackla Metals (CVE:RAK) Trading 25.7% Higher - Here's Why

Key Points

• Rackla Metals Inc. experienced a significant stock price increase of 25.7%, reaching a high of C$0.91, with trading volume up by 330% from the average.
• 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 last quarter.
• The company has a market capitalization of C$121.09 million and is engaged in the acquisition and evaluation of gold exploration properties in Canada.

Rackla Metals Inc. (CVE:RAK - )'s share price traded up 25.7% during mid-day trading on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. 2,304,759 shares were traded during mid-day trading, an increase of 330% from the average session volume of 536,433 shares. The stock had previously closed at C$0.70.

Rackla Metals Trading Up 25.7%

The company has a market cap of C$121.09 million, a P/E ratio of -29.33 and a beta of -0.13. The stock's 50 day moving average is C$0.61 and its 200-day moving average is C$0.37. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

Insider Transactions at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox purchased 1,400,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of C$0.29 per share, for a total transaction of C$406,000.00. In the last quarter, insiders have bought 2,025,667 shares of company stock valued at $762,443. 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.

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