Rackla Metals (CVE:RAK) Shares Down 10.3% – Should You Sell?

Rackla Metals Inc. (CVE:RAK) dropped 10.3% during mid-day trading on Friday . The stock traded as low as C$0.69 and last traded at C$0.70. Approximately 560,476 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 493,270 shares. The stock had previously closed at C$0.78.

Rackla Metals Trading Up 1.3%

The firm has a market cap of C$77.03 million, a P/E ratio of -11.29 and a beta of 1.45. 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 firm has a fifty day moving average of C$0.52 and a 200-day moving average of C$0.33.

Insider Buying and Selling

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. In the last 90 days, insiders purchased 2,025,667 shares of company stock valued at $762,443. 13.48% of the stock is owned by company insiders.

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.