Rackla Metals (CVE:RAK) Stock Price Up 2% – What’s Next?

Shares of Rackla Metals Inc. (CVE:RAK) were up 2% during trading on Tuesday . The stock traded as high as C$0.26 and last traded at C$0.25. 715,700 shares traded hands during trading, an increase of 100% from the average daily volume of 357,417 shares. The stock had previously closed at C$0.24.

Rackla Metals Stock Down 5.6%

The firm has a market capitalization of C$46.52 million, a P/E ratio of -6.38 and a beta of 1.92. 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 business’s fifty day moving average price is C$0.19 and its two-hundred day moving average price is C$0.16.

Insider Buying and Selling

In other news, insider Alejandro Emiliano Gubbins Cox bought 300,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of C$0.17 per share, with a total value of C$51,000.00. Following the completion of the transaction, the insider directly 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 position. Insiders have purchased a total of 900,000 shares of company stock worth $142,000 over the last three months. Corporate insiders own 13.48% of the company’s stock.

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