Rackla Metals Inc. (CVE:RAK - Get Free Report)'s stock price was 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. 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 Trading Down 1.2%
The firm has a market cap of C$128.54 million, a price-to-earnings ratio of -27.33 and a beta of -0.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The business has a 50-day moving average of C$0.65 and a 200-day moving average of C$0.39.
Insider Buying and Selling at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of C$0.64 per share, for a total transaction of C$320,000.00. Over the last quarter, insiders purchased 825,667 shares of company stock worth $508,443. 13.48% of the stock is owned by insiders.
Rackla Metals Company Profile
(
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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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