Rackla Metals (CVE:RAK) Stock Price Up 23.1% – Still a Buy?

Rackla Metals Inc. (CVE:RAK)’s share price rose 23.1% during trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.32. Approximately 1,502,234 shares changed hands during trading, an increase of 353% from the average daily volume of 331,683 shares. The stock had previously closed at C$0.26.

Rackla Metals Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The company has a market capitalization of C$31.20 million, a PE ratio of -4.57 and a beta of 1.45. The firm has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.15.

Insiders Place Their Bets

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$0.26, for a total value of C$520,000.00. Over the last three months, insiders have bought 44,500 shares of company stock valued at $6,380. Insiders own 13.48% of the company’s stock.

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.