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

Rackla Metals Inc. (CVE:RAK) was up 12.5% on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 970,000 shares were traded during trading, an increase of 203% from the average daily volume of 319,883 shares. The stock had previously closed at C$0.08.

Rackla Metals Stock Up 5.0 %

The firm has a market capitalization of C$10.24 million, a PE ratio of -1.50 and a beta of 1.45. The stock has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.10. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In other Rackla Metals news, Director Simon T.P. Ridgway acquired 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average price of C$0.10 per share, with a total value of C$30,000.00. Insiders acquired 1,393,500 shares of company stock worth $146,630 over the last quarter. 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.