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

Key Points

• Rackla Metals Inc. saw a significant increase in stock price, rising 25.7% to C$0.88 from a previous close of C$0.70 during Saturday’s trading.
• The company has a market capitalization of C$121.09 million and notable financial metrics, including a debt-to-equity ratio of 0.33 and a current ratio of 4.57.
• Insider activity is notable, with Alejandro Emiliano Gubbins Cox purchasing 1.4 million shares at an average price of C$0.29, highlighting confidence in the company's future.

Rackla Metals Inc. (CVE:RAK - Get Free Report) shares rose 25.7% on Saturday . The stock traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares changed hands 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 Trading Down 4.5%

The company has a market capitalization of C$115.59 million, a price-to-earnings ratio of -28.00 and a beta of -0.13. 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's 50 day simple moving average is C$0.62 and its two-hundred day simple moving average is C$0.38.

Insider Activity at Rackla Metals

In related news, insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. Insiders own 13.48% of the company's stock.

About Rackla Metals

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.