Rackla Metals (CVE:RAK) Shares Up 25% – Time to Buy?

Rackla Metals Inc. (CVE:RAK) was up 25% during mid-day trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 1,905,238 shares traded hands during mid-day trading, an increase of 244% from the average daily volume of 553,205 shares. The stock had previously closed at C$0.14.

Rackla Metals Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The stock has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.35. The stock has a market capitalization of C$28.52 million, a P/E ratio of -3.50 and a beta of 2.06.

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.