Rackla Metals (CVE:RAK) Insider Purchases C$152,000.00 in Stock

Rackla Metals Inc. (CVE:RAK) insider Alejandro Emiliano Gubbins Cox bought 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of C$0.76 per share, with a total value of C$152,000.00. Following the transaction, the insider owned 31,200,000 shares in the company, valued at approximately C$23,712,000. This represents a 0.65% increase in their position.

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

• On Tuesday, August 5th, Alejandro Emiliano Gubbins Cox acquired 500,000 shares of Rackla Metals stock. The shares were bought at an average price of C$0.64 per share, with a total value of C$320,000.00.
• On Monday, June 16th, Alejandro Emiliano Gubbins Cox acquired 125,667 shares of Rackla Metals stock. The shares were bought at an average price of C$0.29 per share, with a total value of C$36,443.43.

Rackla Metals Trading Down 6.8%

CVE:RAK opened at C$0.82 on Wednesday. Rackla Metals Inc. has a 12-month low of C$0.06 and a 12-month high of C$0.95. The firm has a market capitalization of C$112.83 million, a P/E ratio of -27.33 and a beta of -0.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. The business has a 50 day simple moving average of C$0.63 and a 200 day simple moving average of C$0.38.

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.