Rackla Metals (CVE:RAK) Stock Price Up 16.7% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s share price was up 16.7% during trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 466,000 shares changed hands during trading, an increase of 22% from the average daily volume of 380,891 shares. The stock had previously closed at C$0.09.

Rackla Metals Price Performance

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 firm has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$10.24 million, a P/E ratio of -1.50 and a beta of 1.45.

Insider Activity at Rackla Metals

In related news, Director Simon T.P. Ridgway bought 300,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average cost of C$0.10 per share, for a total transaction of C$30,000.00. In the last quarter, insiders have purchased 1,393,500 shares of company stock valued at $146,630. 13.48% of the stock is owned by company 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.