Rackla Metals Inc. (CVE:RAK) Insider Buys C$320,000.00 in Stock

Key Points

• Alejandro Emiliano Gubbins Cox, an insider at Rackla Metals Inc., purchased 500,000 shares at C$0.64 per share, totaling C$320,000 on August 5th.
• Over recent months, Cox has made significant trades, including an earlier purchase of 1.4 million shares for C$406,000 and a sale of 2 million shares for C$520,000.
• Rackla Metals Inc., a junior gold exploration company, holds a market capitalization of C$59.48 million and has experienced a price range between C$0.05 and C$0.75 over the past year.

Rackla Metals Inc. (CVE:RAK - Get Free Report) insider Alejandro Emiliano Gubbins Cox acquired 500,000 shares of Rackla Metals stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of C$0.64 per share, with a total value of C$320,000.00.

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

• 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, for a total transaction of C$36,443.43.
• On Tuesday, June 10th, Alejandro Emiliano Gubbins Cox bought 1,400,000 shares of Rackla Metals stock. The shares were acquired at an average price of C$0.29 per share, for a total transaction of C$406,000.00.
• On Friday, May 23rd, Alejandro Emiliano Gubbins Cox bought 2,200,000 shares of Rackla Metals stock. The shares were acquired at an average price of C$0.31 per share, for a total transaction of C$682,000.00.
• On Wednesday, May 14th, Alejandro Emiliano Gubbins Cox sold 2,000,000 shares of Rackla Metals stock. The shares were sold at an average price of C$0.26, for a total transaction of C$520,000.00.

Rackla Metals Price Performance

CVE:RAK traded up C$0.01 on Friday, reaching C$0.64. The stock had a trading volume of 61,765 shares, compared to its average volume of 461,669. The company has a market capitalization of C$62.41 million, a P/E ratio of -9.14 and a beta of 1.45. Rackla Metals Inc. has a 1-year low of C$0.05 and a 1-year high of C$0.75. The company has a quick ratio of 6.93, a current ratio of 4.57 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of C$0.44 and a 200-day moving average price of C$0.28.

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.