Rackla Metals (CVE:RAK) Trading Up 27.3% – Should You Buy?

Rackla Metals Inc. (CVE:RAK) shot up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14. 2,542,153 shares traded hands during mid-day 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 Price Performance

The company has a 50 day moving average of C$0.10 and a 200 day moving average of C$0.35. 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 has a market capitalization of C$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06.

About Rackla Metals

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.