Rackla Metals (CVE:RAK) Shares Up 25.7% – What’s Next?

Rackla Metals Inc. (CVE:RAK)’s stock price shot up 25.7% on Friday . The company traded as high as C$0.91 and last traded at C$0.88. 2,304,759 shares were traded during trading, an increase of 330% from the average session volume of 536,433 shares. The stock had previously closed at C$0.70.

Rackla Metals Stock Performance

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$121.09 million, a PE ratio of -29.33 and a beta of -0.13. The stock’s 50 day simple moving average is C$0.61 and its two-hundred day simple moving average is C$0.37.

Insider Buying and Selling

In other news, insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of C$0.64 per share, for a total transaction of C$320,000.00. Insiders bought 2,025,667 shares of company stock worth $762,443 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.