Rackla Metals (CVE:RAK) Director Acquires C$13,860.00 in Stock

Rackla Metals Inc. (CVE:RAK) Director Jeffery Reinson acquired 66,000 shares of Rackla Metals stock in a transaction dated Wednesday, October 28th. The stock was bought at an average price of C$0.21 per share, with a total value of C$13,860.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at C$21,000. This represents a 194.12% increase in their ownership of the stock.

Jeffery Reinson also recently made the following trade(s):

• On Wednesday, October 28th, Jeffery Reinson purchased 3,500 shares of Rackla Metals stock. The shares were bought at an average cost of C$0.20 per share, with a total value of C$700.00.
• On Wednesday, October 28th, Jeffery Reinson purchased 30,500 shares of Rackla Metals stock. The shares were bought at an average cost of C$0.20 per share, with a total value of C$6,100.00.

Rackla Metals Stock Performance

RAK traded down C$0.01 during midday trading on Thursday, reaching C$0.18. The company had a trading volume of 49,871 shares, compared to its average volume of 377,668. 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 business has a 50-day moving average of C$0.27 and a two-hundred day moving average of C$0.17. The company has a market cap of C$33.75 million, a P/E ratio of -4.62 and a beta of 1.63. Rackla Metals Inc. has a 1 year low of C$0.08 and a 1 year high of C$0.35.

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.