Insider Buying: Rackla Metals (CVE:RAK) Insider Purchases C$75,000.00 in Stock

Rackla Metals Inc. (CVE:RAK) insider Alejandro Emiliano Gubbins Cox bought 500,000 shares of Rackla Metals stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of C$0.15 per share, for a total transaction of C$75,000.00. Following the purchase, 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 ownership of the stock.

Alejandro Emiliano Gubbins Cox also recently made the following trade(s):

• On Friday, August 7th, Alejandro Emiliano Gubbins Cox purchased 300,000 shares of Rackla Metals stock. The shares were purchased at an average price of C$0.17 per share, for a total transaction of C$51,000.00.

Rackla Metals Stock Performance

Shares of RAK stock opened at C$0.18 on Friday. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of C$0.14 and a two-hundred day moving average price of C$0.14. Rackla Metals Inc. has a 12-month low of C$0.08 and a 12-month high of C$1.00. The firm has a market cap of C$29.96 million, a P/E ratio of -4.50 and a beta of 1.48.

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.