Rackla Metals (CVE:RAK) Stock Price Down 3.3% – Should You Sell?

Rackla Metals Inc. (CVE:RAK)’s share price dropped 3.3% on Thursday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 41,500 shares were traded during trading, a decline of 74% from the average daily volume of 157,864 shares. The stock had previously closed at C$0.15.

Rackla Metals Stock Performance

The stock has a market cap of C$14.63 million, a PE ratio of -2.14 and a beta of 1.45. The firm has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.11. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In other news, Director Simon T.P. Ridgway purchased 300,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of C$0.10 per share, for a total transaction of C$30,000.00. Over the last ninety days, insiders bought 734,500 shares of company stock worth $69,380. 13.48% of the stock is owned by corporate insiders.

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.