Rackla Metals (CVE:RAK) Sets New 1-Year High – Here’s What Happened

Rackla Metals Inc. (CVE:RAK)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$0.35 and last traded at C$0.35, with a volume of 313463 shares. The stock had previously closed at C$0.33.

Rackla Metals Stock Up 3.0%

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 capitalization of C$62.03 million, a price-to-earnings ratio of -8.50 and a beta of 1.92. The business’s 50-day moving average is C$0.24 and its 200-day moving average is C$0.18.

Insider Activity

In related news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of C$0.15 per share, for a total transaction of C$75,000.00. Following the completion of the purchase, the insider directly owned 33,000,000 shares of the company’s stock, valued at C$4,950,000. This represents a 1.54% increase in their ownership of the stock. 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.