Key Points
- Insider purchase: Alejandro Emiliano Gubbins Cox bought 300,000 Rackla Metals shares at C$0.17 each, investing C$51,000 and increasing his stake by 0.91% to 33.3 million shares.
- The purchase followed his acquisition of 500,000 shares at C$0.15 per share on August 6, indicating total recent purchases of 800,000 shares.
- Rackla Metals opened at C$0.18, with a market capitalization of approximately C$29.96 million. The junior gold explorer holds projects 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 bought 300,000 shares of Rackla Metals stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of C$0.17 per share, with a total value of C$51,000.00. Following the transaction, the insider owned 33,300,000 shares of the company's stock, valued at C$5,661,000. This trade represents a 0.91% increase in their position.
Alejandro Emiliano Gubbins Cox also recently made the following trade(s):
- On Thursday, August 6th, Alejandro Emiliano Gubbins Cox purchased 500,000 shares of Rackla Metals stock. The stock was acquired at an average price of C$0.15 per share, for a total transaction of C$75,000.00.
Rackla Metals Price Performance
CVE:RAK opened at C$0.18 on Friday. Rackla Metals Inc. has a 52 week low of C$0.08 and a 52 week high of C$1.00. The firm has a market cap of C$29.96 million, a price-to-earnings ratio of -4.50 and a beta of 1.48. The firm's 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.14. 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 Company Profile
(
Get Free Report)
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.
Further Reading
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