Rackla Metals (CVE:RAK) Trading Up 27.3% – Still a Buy?

Shares of Rackla Metals Inc. (CVE:RAK) rose 27.3% during mid-day 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 mid-day 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 Performance

The company has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.36. 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 firm has a market capitalization of C$22.81 million, a P/E ratio of -2.80 and a beta of 2.06.

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.