Rackla Metals (CVE:RAK) Trading 12.5% Higher – Here’s What Happened

Rackla Metals Inc. (CVE:RAK) rose 12.5% on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 1,012,000 shares changed hands during trading, an increase of 177% from the average daily volume of 365,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Up 5.0 %

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 stock has a market capitalization of C$10.24 million, a PE ratio of -1.50 and a beta of 1.45. The company’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.10.

Insider Buying and Selling at Rackla Metals

In other Rackla Metals news, Director Simon T.P. Ridgway purchased 300,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average cost of C$0.10 per share, with a total value of C$30,000.00. In the last ninety days, insiders bought 1,393,500 shares of company stock worth $146,630. 13.48% of the stock is owned by corporate 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.