Rackla Metals (CVE:RAK) Stock Price Up 23.1% – Still a Buy?

Shares of Rackla Metals Inc. (CVE:RAK) rose 23.1% on Friday . The company traded as high as C$0.33 and last traded at C$0.32. Approximately 1,502,234 shares traded hands during trading, an increase of 353% from the average daily volume of 331,683 shares. The stock had previously closed at C$0.26.

Rackla Metals Trading Up 23.1%

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 has a market capitalization of C$31.20 million, a PE ratio of -4.57 and a beta of 1.45. The stock has a 50-day moving average price of C$0.22 and a two-hundred day moving average price of C$0.15.

Insider Activity

In related news, insider Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of Rackla Metals stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$0.26, for a total transaction of C$520,000.00. Insiders have purchased a total of 44,500 shares of company stock valued at $6,380 in the last ninety days. 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.