Rackla Metals (CVE:RAK) Insider Alejandro Emiliano Gubbins Cox Acquires 300,000 Shares

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

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, with a total value of C$75,000.00.

Rackla Metals Stock Down 5.6%

Shares of CVE RAK traded down C$0.01 during trading on Friday, hitting C$0.17. The stock had a trading volume of 365,560 shares, compared to its average volume of 300,267. Rackla Metals Inc. has a 12 month low of C$0.08 and a 12 month high of C$1.00. 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 company has a market capitalization of C$28.30 million, a PE ratio of -4.25 and a beta of 1.48. The firm has a fifty day moving average of C$0.14 and a two-hundred day moving average of C$0.14.

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.