Rackla Metals (CVE:RAK) Sets New 52-Week High – Should You Buy?

Shares of Rackla Metals Inc. (CVE:RAK) reached a new 52-week high during trading on Monday. The company traded as high as C$0.35 and last traded at C$0.35, with a volume of 313463 shares traded. The stock had previously closed at C$0.33.

Rackla Metals Stock Performance

The stock has a market cap of C$62.03 million, a price-to-earnings ratio of -8.50 and a beta of 1.92. The firm’s 50-day moving average is C$0.24 and its two-hundred day moving average is C$0.18. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

Insider Activity at Rackla Metals

In other news, insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of C$0.15 per share, for a total transaction of C$75,000.00. Following the completion of the transaction, the insider directly owned 33,000,000 shares in the company, valued at C$4,950,000. The trade was a 1.54% increase in their position. 13.48% of the stock is owned by insiders.

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