Rackla Metals (CVE:RAK) Insider Purchases 500,000 Shares of Stock

Rackla Metals Inc. (CVE:RAKGet Free Report) insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of Rackla Metals stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of C$0.15 per share, with a total value of C$75,000.00. Following the completion of the acquisition, the insider owned 33,000,000 shares of the company’s stock, valued at C$4,950,000. The trade was a 1.54% increase in their position.

Rackla Metals Price Performance

RAK traded up C$0.04 during trading on Thursday, reaching C$0.18. 2,010,937 shares of the stock were exchanged, compared to its average volume of 298,900. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The company has a market capitalization of C$29.96 million, a price-to-earnings ratio of -4.50 and a beta of 1.48. Rackla Metals Inc. has a 1 year low of C$0.08 and a 1 year high of C$1.00. The business’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.14.

About Rackla Metals

(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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Insider Buying and Selling by Quarter for Rackla Metals (CVE:RAK)

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