Rackla Metals (CVE:RAK) Stock Price Up 21.4% – Still a Buy?

Rackla Metals Inc. (CVE:RAKGet Free Report)’s share price shot up 21.4% on Monday . The company traded as high as C$0.18 and last traded at C$0.17. 1,367,952 shares were traded during mid-day trading, an increase of 157% from the average session volume of 532,084 shares. The stock had previously closed at C$0.14.

Rackla Metals Trading Up 25.0%

The firm has a market capitalization of C$28.52 million, a price-to-earnings ratio of -3.50 and a beta of 2.06. 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 company has a 50-day moving average price of C$0.10 and a 200-day moving average price of C$0.35.

Rackla Metals Company Profile

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

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