Rackla Metals (CVE:RAK) Stock Price Up 12.5% – What’s Next?

Rackla Metals Inc. (CVE:RAK) shot up 12.5% during trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 1,012,000 shares changed hands during trading, an increase of 177% from the average session volume of 365,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Up 12.5 %

The firm has a 50 day moving average price of C$0.11 and a two-hundred day moving average price of C$0.10. The company has a market capitalization of C$8.78 million, a price-to-earnings ratio of -1.29 and a beta of 1.45. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

Insider Transactions at Rackla Metals

In related news, Director Simon T.P. Ridgway bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average price of C$0.10 per share, for a total transaction of C$30,000.00. In the last three months, insiders have acquired 1,393,500 shares of company stock worth $146,630. 13.48% of the stock is currently owned by 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.