Insider Buying: Rackla Metals Inc. (CVE:RAK) Director Buys 300,000 Shares of Stock

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway purchased 300,000 shares of the stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of C$0.10 per share, with a total value of C$30,000.00.

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

• On Friday, December 13th, Simon T.P. Ridgway acquired 156,500 shares of Rackla Metals stock. The shares were purchased at an average price of C$0.11 per share, with a total value of C$16,432.50.
• On Wednesday, December 11th, Simon T.P. Ridgway bought 8,500 shares of Rackla Metals stock. The stock was purchased at an average price of C$0.11 per share, for a total transaction of C$892.50.
• On Wednesday, November 6th, Simon T.P. Ridgway purchased 89,000 shares of Rackla Metals stock. The shares were purchased at an average cost of C$0.09 per share, with a total value of C$7,565.00.
• On Wednesday, October 23rd, Simon T.P. Ridgway acquired 100,000 shares of Rackla Metals stock. The stock was acquired at an average cost of C$0.09 per share, for a total transaction of C$9,000.00.

Rackla Metals Stock Down 5.0 %

Shares of RAK stock traded down C$0.01 during mid-day trading on Friday, hitting C$0.10. The company’s stock had a trading volume of 200,000 shares, compared to its average volume of 209,346. The stock has a market cap of C$9.26 million, a price-to-earnings ratio of -1.36 and a beta of 1.45. 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 Inc. has a 52-week low of C$0.05 and a 52-week high of C$0.23. The business has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.10.

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.