Rackla Metals (CVE:RAK) Director William Katzin Acquires 100,000 Shares

Rackla Metals Inc. (CVE:RAKGet Free Report) Director William Katzin bought 100,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of C$0.16 per share, for a total transaction of C$16,000.00. Following the acquisition, the director owned 195,000 shares of the company’s stock, valued at approximately C$31,200. This represents a 105.26% increase in their ownership of the stock.

Rackla Metals Stock Performance

Shares of Rackla Metals stock traded down C$0.01 on Thursday, reaching C$0.14. 208,555 shares of the stock were exchanged, compared to its average volume of 308,111. The firm has a market capitalization of C$23.30 million, a PE ratio of -3.50 and a beta of 1.79. Rackla Metals Inc. has a 1-year low of C$0.08 and a 1-year high of C$1.00. The business has a fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.13. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33.

About Rackla Metals

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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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