Key Points
- Insider purchase: Alejandro Emiliano Gubbins Cox bought 500,000 Rackla Metals shares at C$0.15 each for a total investment of C$75,000, increasing his position by 1.54% to 33 million shares.
- Stock performance: Rackla shares opened at C$0.18, with a market capitalization of approximately C$29.96 million and a 12-month trading range of C$0.08 to C$1.00.
- Company focus: Rackla Metals is a junior gold exploration company with mineral-property interests in Yukon and the Northwest Territories, including the Rivier property and Tombstone Gold Belt projects.
Rackla Metals Inc. (CVE:RAK - Get Free Report) insider Alejandro Emiliano Gubbins Cox purchased 500,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of C$0.15 per share, with a total value of C$75,000.00. Following the completion of the purchase, the insider owned 33,000,000 shares in the company, valued at C$4,950,000. This trade represents a 1.54% increase in their position.
Rackla Metals Stock Performance
Shares of CVE:RAK opened at C$0.18 on Friday. The company has a current ratio of 4.57, a quick ratio of 6.93 and a debt-to-equity ratio of 0.33. 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 capitalization of C$29.96 million, a price-to-earnings ratio of -4.50 and a beta of 1.48. The firm's 50-day moving average is C$0.14 and its 200 day moving average is C$0.14.
About Rackla Metals
(
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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.
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