Rackla Metals (CVE:RAK) Director William Katzin Acquires 100,000 Shares

Rackla Metals Inc. (CVE:RAK) Director William Katzin bought 100,000 shares of Rackla Metals stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of C$0.16 per share, with a total value of C$16,000.00. Following the acquisition, the director owned 195,000 shares of the company’s stock, valued at C$31,200. This trade represents a 105.26% increase in their position.

Rackla Metals Price Performance

Shares of CVE RAK traded down C$0.01 during trading on Thursday, hitting C$0.14. 208,555 shares of the company were exchanged, compared to its average volume of 308,111. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.57 and a quick ratio of 6.93. Rackla Metals Inc. has a 1 year low of C$0.08 and a 1 year high of C$1.00. The company has a market cap of C$23.30 million, a price-to-earnings ratio of -3.50 and a beta of 1.79. The firm’s fifty day moving average price is C$0.15 and its 200 day moving average price is C$0.13.

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. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.