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

Key Points

• Alejandro Emiliano Gubbins Cox acquired 200,000 shares of Rackla Metals Inc. at C$0.76 per share, increasing his total holdings to 31,200,000 shares valued at approximately C$23.7 million.
• Rackla Metals' stock is currently trading at C$0.85 after a 3.4% decline, with a market cap of C$116.96 million.
• The company is a junior gold exploration firm holding interests in multiple mineral properties across Yukon and Northwest Territories.

Rackla Metals Inc. (CVE:RAK - Get Free Report) insider Alejandro Emiliano Gubbins Cox purchased 200,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of C$0.76 per share, with a total value of C$152,000.00. Following the completion of the transaction, the insider directly owned 31,200,000 shares of the company's stock, valued at 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 19th, Alejandro Emiliano Gubbins Cox purchased 300,000 shares of Rackla Metals stock. The shares were purchased at an average price of C$0.71 per share, with a total value of C$213,000.00.
• On Tuesday, August 5th, Alejandro Emiliano Gubbins Cox purchased 500,000 shares of Rackla Metals stock. The shares were purchased 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 purchased 125,667 shares of Rackla Metals stock. The shares were purchased at an average price of C$0.29 per share, with a total value of C$36,443.43.

Rackla Metals Price Performance

Shares of RAK traded up C$0.18 during trading hours on Friday, hitting C$1.00. 1,096,091 shares of the stock were exchanged, compared to its average volume of 550,935. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. 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 market cap of C$156.76 million, a price-to-earnings ratio of -33.33 and a beta of -0.13. The stock's 50-day moving average price is C$0.66 and its two-hundred day moving average price is C$0.40.

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.