Rackla Metals Inc. (CVE:RAK – Get Free Report) traded up 14% during trading on Monday . The company traded as high as C$0.25 and last traded at C$0.24. Approximately 2,514,943 shares changed hands during trading, an increase of 664% from the average daily volume of 329,005 shares. The stock had previously closed at C$0.21.
Rackla Metals Stock Performance
The company has a market capitalization of C$42.44 million, a price-to-earnings ratio of -6.38 and a beta of 1.48. 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 company’s fifty day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.14.
Insider Activity at Rackla Metals
In related news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of Rackla Metals stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of C$0.15 per share, with a total value of C$75,000.00. Following the completion of the transaction, the insider owned 33,000,000 shares of the company’s stock, valued at approximately C$4,950,000. This trade represents a 1.54% increase in their position. Insiders have bought a total of 1,120,000 shares of company stock worth $174,000 over the last quarter. Company insiders own 13.48% of the company’s stock.
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.
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