Rackla Metals (CVE:RAK) Stock Price Up 27.8% – What’s Next?

Rackla Metals Inc. (CVE:RAK) rose 27.8% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 459,000 shares traded hands during trading, an increase of 30% from the average daily volume of 352,391 shares. The stock had previously closed at C$0.09.

Rackla Metals Stock Performance

The company has a market cap of C$10.24 million, a P/E ratio of -1.50 and a beta of 1.45. The business’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.10. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

Insider Activity

In related news, Director Simon T.P. Ridgway acquired 300,000 shares of Rackla Metals stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average price of C$0.10 per share, for a total transaction of C$30,000.00. Insiders have purchased a total of 1,393,500 shares of company stock worth $146,630 over the last quarter. Insiders own 13.48% of the company’s stock.

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.