Insider Buying: Rackla Metals (CVE:RAK) Insider Purchases C$51,000.00 in Stock

Rackla Metals Inc. (CVE:RAK) insider Alejandro Emiliano Gubbins Cox bought 300,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of C$0.17 per share, with a total value of C$51,000.00. Following the purchase, the insider directly owned 33,300,000 shares in the company, valued at approximately C$5,661,000. This trade represents a 0.91% increase in their ownership of the stock.

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

• On Thursday, August 6th, Alejandro Emiliano Gubbins Cox purchased 500,000 shares of Rackla Metals stock. The shares were bought at an average price of C$0.15 per share, for a total transaction of C$75,000.00.

Rackla Metals Stock Performance

CVE RAK opened at C$0.18 on Monday. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. Rackla Metals Inc. has a 1-year low of C$0.08 and a 1-year high of C$1.00. The firm’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.14. The company has a market capitalization of C$29.96 million, a PE 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.