Rackla Metals (CVE:RAK) Stock: Insider Simon T.P. Ridgway Acquires 50,000 Shares

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway acquired 50,000 shares of Rackla Metals stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of C$0.23 per share, with a total value of C$11,500.00. Following the transaction, the director owned 12,416,045 shares in the company, valued at approximately C$2,855,690.35. This represents a 0.40% increase in their position.

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

• On Wednesday, October 14th, Simon T.P. Ridgway bought 10,000 shares of Rackla Metals stock. The shares were acquired at an average cost of C$0.27 per share, for a total transaction of C$2,700.00.

Rackla Metals Stock Up 6.4%

Shares of RAK traded up C$0.01 during midday trading on Friday, reaching C$0.25. 637,460 shares of the stock were exchanged, compared to its average volume of 383,247. The firm has a 50 day simple moving average of C$0.27 and a 200-day simple moving average of C$0.19. Rackla Metals Inc. has a 12-month low of C$0.08 and a 12-month high of C$0.35. The company has a market cap of C$45.61 million, a price-to-earnings ratio of -6.25 and a beta of 1.63. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33.

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.