Rackla Metals (CVE:RAK) Stock: Insider Simon T.P. Ridgway Purchases 50,000 Shares

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway acquired 50,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was purchased at an average price of C$0.23 per share, with a total value of C$11,500.00. Following the acquisition, the director owned 12,416,045 shares of the company’s stock, valued at approximately C$2,855,690.35. This trade represents a 0.40% increase in their ownership of the stock.

Simon T.P. Ridgway also recently made the following trade(s):

• On Wednesday, October 14th, Simon T.P. Ridgway bought 10,000 shares of Rackla Metals stock. The shares were purchased at an average cost of C$0.27 per share, with a total value of C$2,700.00.

Rackla Metals Trading Up 6.4%

Shares of RAK stock opened at C$0.25 on Friday. The stock has a 50-day simple moving average of C$0.27 and a 200 day simple moving average of C$0.19. The stock has a market capitalization of C$45.61 million, a P/E ratio of -6.25 and a beta of 1.63. Rackla Metals Inc. has a fifty-two week low of C$0.08 and a fifty-two week high of C$0.35. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

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.