Rackla Metals (CVE:RAK) Trading Up 15.4% – Still a Buy?

Rackla Metals Inc. (CVE:RAK) shares were up 15.4% during mid-day trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 178,750 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 183,101 shares. The stock had previously closed at C$0.13.

Rackla Metals Stock Up 23.1 %

The stock’s 50-day moving average is C$0.11 and its 200-day moving average is C$0.10. The stock has a market cap of C$15.60 million, a P/E ratio of -2.29 and a beta of 1.45. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

Insider Activity at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway purchased 300,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of C$0.10 per share, with a total value of C$30,000.00. Insiders purchased 1,115,000 shares of company stock worth $116,700 in the last 90 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.