Rackla Metals (CVE:RAK) Insider Alejandro Emiliano Gubbins Cox Buys 500,000 Shares

Rackla Metals Inc. (CVE:RAK) insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired 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. This represents a 1.54% increase in their ownership of the stock.

Rackla Metals Price Performance

RAK stock opened at C$0.18 on Friday. Rackla Metals Inc. has a 52 week low of C$0.08 and a 52 week high of C$1.00. 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 company has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.14. The firm has a market capitalization of C$29.96 million, a P/E ratio of -4.50 and a beta of 1.48.

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.