Rackla Metals (CVE:RAK) Stock Jumps 10.7% – Still a Buy?

Rackla Metals Inc. (CVE:RAK) shares were up 10.7% on Friday. The stock traded as high as C$0.31 and last traded at C$0.31. 450,434 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 358,910 shares. The stock had previously closed at C$0.28.

Rackla Metals Trading Up 10.7%

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’s 50 day moving average is C$0.21 and its 200-day moving average is C$0.17. The company has a market cap of C$56.56 million, a PE ratio of -7.75 and a beta of 1.92.

Insider Buying and Selling at Rackla Metals

In other Rackla Metals news, insider Alejandro Emiliano Gubbins Cox bought 300,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of C$0.17 per share, for a total transaction of C$51,000.00. Following the transaction, the insider owned 33,300,000 shares of the company’s stock, valued at C$5,661,000. This represents a 0.91% increase in their ownership of the stock. 13.48% of the stock is currently owned by company 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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.