Rackla Metals (CVE:RAK) Director Simon T.P. Ridgway 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 that occurred on Thursday, October 15th. The stock was bought at an average cost of C$0.23 per share, for a total transaction of C$11,500.00. Following the acquisition, the director owned 12,416,045 shares in the company, valued at approximately C$2,855,690.35. The trade was a 0.40% increase in their position.

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

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

Rackla Metals Stock Performance

CVE:RAK traded up C$0.01 during midday trading on Friday, reaching C$0.25. 861,160 shares of the company traded hands, compared to its average volume of 384,748. The firm has a market capitalization of C$45.61 million, a price-to-earnings ratio of -6.25 and a beta of 1.63. The company has a fifty day moving average price of C$0.27 and a 200 day moving average price of C$0.19. 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 twelve month low of C$0.08 and a twelve month high of C$0.35.

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.