Rackla Metals (CVE:RAK) Shares Up 12.5% – Here’s What Happened

Rackla Metals Inc. (CVE:RAKGet Free Report)’s share price shot up 12.5% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 970,000 shares were traded during trading, an increase of 203% from the average session volume of 319,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Performance

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 stock’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.10. The firm has a market cap of C$8.78 million, a P/E ratio of -1.29 and a beta of 1.45.

Insider Transactions at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of C$0.10 per share, with a total value of C$30,000.00. Over the last ninety days, insiders have acquired 1,393,500 shares of company stock valued at $146,630. 13.48% of the stock is currently owned by company insiders.

About Rackla Metals

(Get Free Report)

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.

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