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

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 bought 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 approximately C$4,950,000. This trade represents a 1.54% increase in their ownership of the stock.

Rackla Metals Stock Performance

Rackla Metals stock traded up C$0.04 during trading hours on Thursday, reaching C$0.18. 2,010,937 shares of the stock were exchanged, compared to its average volume of 298,900. 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 debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The firm’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.14. The stock has a market cap 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.