Rackla Metals (CVE:RAK) Stock Price Up 27.8% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s stock price was up 27.8% on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 459,000 shares changed hands during trading, an increase of 30% from the average daily volume of 352,391 shares. The stock had previously closed at C$0.09.

Rackla Metals Stock Up 5.0 %

The stock has a market capitalization of C$10.24 million, a P/E ratio of -1.50 and a beta of 1.45. 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 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.10.

Insider Activity

In other news, Director Simon T.P. Ridgway bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were bought at an average cost of C$0.10 per share, for a total transaction of C$30,000.00. Insiders have acquired 1,393,500 shares of company stock worth $146,630 over the last ninety days. 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.