Insider Buying: Rackla Metals (CVE:RAK) Director Purchases 100,000 Shares of Stock

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of C$0.14 per share, with a total value of C$14,000.00. Following the transaction, the director directly owned 12,186,045 shares of the company’s stock, valued at approximately C$1,706,046.30. This represents a 0.83% increase in their position.

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

• On Tuesday, May 19th, Simon T.P. Ridgway purchased 50,000 shares of Rackla Metals stock. The shares were bought at an average cost of C$0.15 per share, with a total value of C$7,500.00.
• On Thursday, May 14th, Simon T.P. Ridgway purchased 8,000 shares of Rackla Metals stock. The shares were bought at an average cost of C$0.15 per share, with a total value of C$1,200.00.
• On Friday, May 8th, Simon T.P. Ridgway purchased 42,000 shares of Rackla Metals stock. The shares were bought at an average cost of C$0.15 per share, with a total value of C$6,300.00.

Rackla Metals Stock Up 3.4%

Shares of RAK stock traded up C$0.01 during mid-day trading on Monday, reaching C$0.15. 144,997 shares of the company were exchanged, compared to its average volume of 332,620. Rackla Metals Inc. has a fifty-two week low of C$0.08 and a fifty-two week high of C$1.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The company has a market capitalization of C$24.97 million, a P/E ratio of -3.75 and a beta of 2.01. The business’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.13.

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.