Rackla Metals (CVE:RAK) Insider Sells C$29,600.00 in Stock

Key Points

• Insider Kevin Bales sold 40,000 shares of Rackla Metals at an average price of C$0.74, resulting in a total transaction of C$29,600.00.
• The company's shares saw an increase during mid-day trading, reaching C$0.71, with a market capitalization of C$111.30 million.
• Rackla Metals is a junior gold exploration company that holds a 100% interest in the Rivier property in Yukon, Canada.

Rackla Metals Inc. (CVE:RAK - Get Free Report) insider Kevin Bales sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of C$0.74, for a total transaction of C$29,600.00.

Rackla Metals Price Performance

Shares of RAK traded up C$0.01 during mid-day trading on Friday, hitting C$0.71. The company's stock had a trading volume of 312,101 shares, compared to its average volume of 584,776. The stock has a market capitalization of C$111.30 million, a price-to-earnings ratio of -23.67 and a beta of -0.13. Rackla Metals Inc. has a fifty-two week low of C$0.08 and a fifty-two week high of C$1.00. The firm has a 50-day moving average price of C$0.72 and a 200 day moving average price of C$0.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.