Rackla Metals (CVE:RAK) Trading Up 25.7% - Still a Buy?

Key Points

• Rackla Metals Inc. experienced a significant stock increase of 25.7%, trading as high as C$0.91 before closing at C$0.88.
• Insider Alejandro Emiliano Gubbins Cox purchased 1.4 million shares at an average price of C$0.29, indicating strong internal confidence in the company.
• The company, which focuses on gold exploration, has a market cap of C$121.09 million and a debt-to-equity ratio of 0.33, suggesting solid financial stability.

Rackla Metals Inc. (CVE:RAK - )'s stock price was up 25.7% on Saturday . The company traded as high as C$0.91 and last traded at C$0.88. Approximately 2,304,759 shares changed hands during 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 Up 25.7%

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

Insider Buying and Selling

In other news, insider Alejandro Emiliano Gubbins Cox bought 1,400,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was purchased at an average price of C$0.29 per share, for a total transaction of C$406,000.00. In the last ninety days, insiders have bought 2,025,667 shares of company stock valued at $762,443. 13.48% of the stock is currently owned by corporate 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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