Rackla Metals (CVE:RAK) Stock Price Up 27.3% – Still a Buy?

Shares of Rackla Metals Inc. (CVE:RAK) traded up 27.3% during trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,542,153 shares traded hands during trading, an increase of 407% from the average session volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Stock Up 27.3%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The stock’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.36. The company has a market cap of C$22.81 million, a PE ratio of -2.80 and a beta of 2.06.

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.