Rackla Metals (CVE:RAK) Trading Up 27% – What’s Next?

Rackla Metals Inc. (CVE:RAK) shares rose 27% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 5,064,288 shares were traded during trading, an increase of 611% from the average daily volume of 712,494 shares. The stock had previously closed at C$0.19.

Rackla Metals Stock Performance

The firm has a fifty day simple moving average of C$0.69 and a 200-day simple moving average of C$0.46. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. 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.

Insider Buying and Selling

In other Rackla Metals news, insider Sally Whittall sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of C$0.75, for a total transaction of C$30,000.00. Following the completion of the sale, the insider directly owned 10,384 shares of the company’s stock, valued at approximately C$7,788. The trade was a 79.39% decrease in their position. Also, insider Kevin Bales sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of C$0.74, for a total transaction of C$29,600.00. Over the last three months, insiders bought 1,000,000 shares of company stock worth $685,000 and sold 90,000 shares worth $67,200. Corporate 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.