Rackla Metals (CVE:RAK) Stock Price Down 3.3% – Here’s What Happened

Rackla Metals Inc. (CVE:RAK) shares fell 3.3% during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.15. 41,500 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 157,864 shares. The stock had previously closed at C$0.15.

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’s fifty day moving average is C$0.13 and its 200 day moving average is C$0.11. The company has a market cap of C$14.63 million, a P/E ratio of -2.14 and a beta of 1.45.

Insider Buying and Selling

In other Rackla Metals news, Director Simon T.P. Ridgway purchased 300,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average price of C$0.10 per share, for a total transaction of C$30,000.00. Insiders purchased a total of 734,500 shares of company stock valued at $69,380 over the last three months. Corporate insiders own 13.48% of the company’s stock.

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.