Rackla Metals (CVE:RAK) Trading Up 16.7% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s share price shot up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.11. 466,000 shares traded hands during trading, an increase of 22% from the average session volume of 380,891 shares. The stock had previously closed at C$0.09.

Rackla Metals Trading Up 16.7 %

The stock’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.10. 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 firm has a market cap of C$10.24 million, a PE ratio of -1.50 and a beta of 1.45.

Insider Buying and Selling at Rackla Metals

In other news, Director Simon T.P. Ridgway bought 300,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of C$0.10 per share, with a total value of C$30,000.00. In the last 90 days, insiders have bought 1,393,500 shares of company stock worth $146,630. 13.48% of the stock is currently owned by insiders.

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.