Rackla Metals (CVE:RAK) Shares Up 27.3% – Should You Buy?

Rackla Metals Inc. (CVE:RAK) shares were up 27.3% during trading on Saturday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 2,542,153 shares changed hands during trading, an increase of 407% from the average daily volume of 501,204 shares. The stock had previously closed at C$0.11.

Rackla Metals Stock Up 27.3%

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 company has a market capitalization of C$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06. The business has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.36.

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.