Rackla Metals (CVE:RAK) Shares Up 2% – Should You Buy?

Rackla Metals Inc. (CVE:RAK)’s share price traded up 2% during mid-day trading on Tuesday . The stock traded as high as C$0.26 and last traded at C$0.25. Approximately 715,700 shares traded hands during trading, an increase of 100% from the average session volume of 357,417 shares. The stock had previously closed at C$0.24.

Rackla Metals Trading Up 2.0%

The business’s fifty day moving average price is C$0.19 and its 200 day moving average price is C$0.16. 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 firm has a market capitalization of C$45.61 million, a PE ratio of -6.25 and a beta of 1.92.

Insider Transactions at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox bought 300,000 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of C$0.17 per share, with a total value of C$51,000.00. Following the purchase, the insider owned 33,300,000 shares of the company’s stock, valued at approximately C$5,661,000. The trade was a 0.91% increase in their ownership of the stock. Insiders have purchased a total of 900,000 shares of company stock worth $142,000 in the last quarter. 13.48% of the stock is currently owned by company insiders.

Rackla Metals Company Profile

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.