Rackla Metals (CVE:RAK) Director Acquires 50,000 Shares of Company Stock

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway purchased 50,000 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of C$0.23 per share, for a total transaction of C$11,500.00. Following the purchase, the director owned 12,416,045 shares of the company’s stock, valued at C$2,855,690.35. This trade represents a 0.40% increase in their ownership of the stock.

Simon T.P. Ridgway also recently made the following trade(s):

• On Wednesday, October 14th, Simon T.P. Ridgway purchased 10,000 shares of Rackla Metals stock. The stock was acquired at an average price of C$0.27 per share, for a total transaction of C$2,700.00.

Rackla Metals Stock Up 6.4%

Rackla Metals stock traded up C$0.01 during trading on Friday, reaching C$0.25. 637,460 shares of the company’s stock were exchanged, compared to its average volume of 383,247. Rackla Metals Inc. has a 52-week low of C$0.08 and a 52-week high of C$0.35. The company’s 50-day moving average is C$0.27 and its two-hundred day moving average is C$0.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.93 and a current ratio of 4.57. The firm has a market cap of C$45.61 million, a price-to-earnings ratio of -6.25 and a beta of 1.63.

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