Rackla Metals (CVE:RAK) Stock Price Up 25.7% – Here’s Why

Rackla Metals Inc. (CVE:RAK) shares rose 25.7% on Friday . The company traded as high as C$0.91 and last traded at C$0.88. Approximately 2,303,759 shares were traded during mid-day trading, an increase of 331% from the average daily volume of 534,089 shares. The stock had previously closed at C$0.70.

Rackla Metals Stock Up 25.7%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The company has a market cap of C$121.09 million, a price-to-earnings ratio of -29.33 and a beta of -0.13. The stock’s fifty day moving average is C$0.61 and its two-hundred day moving average is C$0.37.

Insider Buying and Selling

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox acquired 1,400,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average cost of C$0.29 per share, with a total value of C$406,000.00. Over the last ninety days, insiders have purchased 2,025,667 shares of company stock valued at $762,443. 13.48% of the stock is currently owned by company 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.