American Rare Earths Limited (ASX:ARR) Insider Sten Gustafson Purchases 1,000,000 Shares

American Rare Earths Limited (ASX:ARR) insider Sten Gustafson purchased 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of A$0.20 ($0.13) per share, for a total transaction of A$200,000.00 ($131,578.95).

Sten Gustafson also recently made the following trade(s):

• On Wednesday, October 30th, Sten Gustafson acquired 1,000,000 shares of American Rare Earths stock. The shares were bought at an average cost of A$0.20 ($0.13) per share, for a total transaction of A$200,000.00 ($131,578.95).

American Rare Earths Price Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 24.78 and a quick ratio of 7.91.

About American Rare Earths

American Rare Earths Limited engages in the exploration and development of mineral resources in Australia and the United States. The company explores for rare earth, scandium, and cobalt deposits. Its 100% owned flagship property is the Halleck Creek project situated in Wyoming, the United States. The company was formerly known as Broken Hill Prospecting Limited and changed its name to American Rare Earths Limited in July 2020.