Rackla Metals (CVE:RAK) Trading Down 9.2% - Time to Sell?

Key Points

• Rackla Metals Inc. shares dropped by 9.2%, closing at C$0.59, with trading volume 65% below the average session levels.
• Insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares at an average price of C$0.64, contributing to total insider purchases of 4,225,667 shares over the last 90 days.
• The company has a market capitalization of C$61.43 million and holds significant land interests in gold exploration properties across Canada.

Shares of Rackla Metals Inc. (CVE:RAK - ) traded down 9.2% during trading on Thursday . The stock traded as low as C$0.58 and last traded at C$0.59. 159,467 shares changed hands during trading, a decline of 65% from the average session volume of 460,747 shares. The stock had previously closed at C$0.65.

Rackla Metals Price Performance

The firm's 50 day simple moving average is C$0.43 and its 200 day simple moving average is C$0.28. 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$61.43 million, a PE ratio of -9.00 and a beta of 1.45.

Insider Activity at Rackla Metals

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of C$0.64 per share, with a total value of C$320,000.00. Over the last 90 days, insiders have purchased 4,225,667 shares of company stock worth $1,444,443. 13.48% of the stock is currently owned by insiders.

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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