Rackla Metals (CVE:RAK) Trading Down 76.4% – Time to Sell?

Rackla Metals Inc. (CVE:RAK)’s stock price was down 76.4% during mid-day trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.21. Approximately 14,392,884 shares traded hands during mid-day trading, an increase of 2,058% from the average daily volume of 667,001 shares. The stock had previously closed at C$0.87.

Rackla Metals Trading Down 76.4%

The stock has a market cap of C$32.14 million, a price-to-earnings ratio of -6.83 and a beta of 0.25. The business has a 50-day simple moving average of C$0.73 and a two-hundred day simple moving average of C$0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

Insider Buying and Selling

In other Rackla Metals news, insider Sally Whittall sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of C$0.75, for a total value of C$30,000.00. Following the completion of the transaction, the insider directly owned 10,384 shares in the company, valued at approximately C$7,788. This represents a 79.39% decrease in their position. Also, insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of Rackla Metals stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. Over the last three months, insiders have acquired 1,000,000 shares of company stock valued at $685,000 and have sold 90,000 shares valued at $67,200. 13.48% of the stock is owned by 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.