Insider Buying: Rackla Metals (CVE:RAK) Director Buys C$16,000.00 in Stock

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

Rackla Metals Stock Performance

Shares of CVE:RAK opened at C$0.14 on Friday. 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 company’s 50-day moving average price is C$0.15 and its 200 day moving average price is C$0.13. The company has a market cap of C$23.30 million, a PE ratio of -3.50 and a beta of 1.79. Rackla Metals Inc. has a fifty-two week low of C$0.08 and a fifty-two week high of C$1.00.

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.