Rackla Metals Inc. (CVE:RAK - Get Free Report) shares were up 25.7% during trading 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 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 PE ratio of -27.33 and a beta of -0.13. 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 has a fifty day moving average price of C$0.65 and a 200 day moving average price of C$0.39.
Insider Activity
In other news, insider Alejandro Emiliano Gubbins Cox bought 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of C$0.76 per share, with a total value of C$152,000.00. Following the transaction, the insider directly owned 31,200,000 shares in the company, valued at C$23,712,000. This trade represents a 0.65% increase in their ownership of the stock. Over the last ninety days, insiders bought 825,667 shares of company stock valued at $508,443. 13.48% of the stock is owned by corporate 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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