Rackla Metals (CVE:RAK) Stock Price Up 16.7% – Still a Buy?

Rackla Metals Inc. (CVE:RAK)’s stock price traded up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.11. 466,000 shares traded hands during mid-day 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 Price Performance

The business’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.10. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The company has a market cap of C$10.24 million, a PE ratio of -1.50 and a beta of 1.45.

Insiders Place Their Bets

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