Rackla Metals Inc. (CVE:RAK – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$0.23 and last traded at C$0.23, with a volume of 865031 shares trading hands. The stock had previously closed at C$0.21.
Rackla Metals Stock Up 4.8 %
The firm’s 50-day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.12. 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 company has a market capitalization of C$21.45 million, a price-to-earnings ratio of -3.14 and a beta of 1.45.
Insider Activity at Rackla Metals
In related news, Director Simon T.P. Ridgway purchased 300,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of C$0.10 per share, with a total value of C$30,000.00. Insiders bought 744,500 shares of company stock valued at $70,880 in 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.
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