Insider Buying: Rackla Metals Inc. (CVE:RAK) Director Buys 200,000 Shares of Stock

Rackla Metals Inc. (CVE:RAK) Director Simon T.P. Ridgway acquired 200,000 shares of Rackla Metals stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of C$0.09 per share, for a total transaction of C$18,000.00.

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

• On Wednesday, January 8th, Simon T.P. Ridgway purchased 300,000 shares of Rackla Metals stock. The stock was acquired at an average price of C$0.10 per share, with a total value of C$30,000.00.
• On Friday, December 13th, Simon T.P. Ridgway purchased 156,500 shares of Rackla Metals stock. The shares were acquired at an average cost of C$0.11 per share, for a total transaction of C$16,432.50.
• On Wednesday, December 11th, Simon T.P. Ridgway acquired 8,500 shares of Rackla Metals stock. The stock was acquired at an average cost of C$0.11 per share, with a total value of C$892.50.
• On Wednesday, November 6th, Simon T.P. Ridgway bought 89,000 shares of Rackla Metals stock. The shares were acquired at an average price of C$0.09 per share, for a total transaction of C$7,565.00.
• On Wednesday, October 23rd, Simon T.P. Ridgway purchased 100,000 shares of Rackla Metals stock. The stock was acquired at an average price of C$0.09 per share, with a total value of C$9,000.00.

Rackla Metals Price Performance

RAK opened at C$0.09 on Thursday. Rackla Metals Inc. has a 1 year low of C$0.05 and a 1 year high of C$0.23. The company’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.10. The stock has a market capitalization of C$8.29 million, a PE ratio of -1.21 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 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.