Rackla Metals (CVE:RAK) Trading 27.3% Higher – Time to Buy?

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

Rackla Metals Stock Performance

The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. The company has a market cap of C$22.81 million, a price-to-earnings ratio of -2.80 and a beta of 2.06. The stock has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.36.

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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