Rackla Metals Inc. (CVE:RAK - Get Free Report)'s share price rose 25.7% during mid-day trading on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares were traded 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 Stock Down 1.2%
The stock has a 50 day moving average of C$0.65 and a 200-day moving average of C$0.39. The firm has a market capitalization of C$128.54 million, a P/E ratio of -27.33 and a beta of -0.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57.
Insider Buying and Selling at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox purchased 200,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of C$0.76 per share, for a total transaction of C$152,000.00. Following the completion of the transaction, the insider directly owned 31,200,000 shares in the company, valued at approximately C$23,712,000. This represents a 0.65% increase in their position. Insiders bought 825,667 shares of company stock worth $508,443 in the last quarter. Corporate insiders own 13.48% of the company's stock.
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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