Insider Buying: Geopacific Resources Limited (ASX:GPR) Insider Buys 1,000,000 Shares of Stock

Geopacific Resources Limited (ASX:GPR) insider Graham Ascough purchased 1,000,000 shares of Geopacific Resources stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of A$0.02 ($0.01) per share, for a total transaction of A$20,000.00 ($12,422.36).

Geopacific Resources Stock Performance

The company has a debt-to-equity ratio of 8.23, a quick ratio of 2.29 and a current ratio of 0.58.

About Geopacific Resources

Geopacific Resources Limited engages in the exploration and development of gold deposits in Papua New Guinea. The company holds 100% interest in the Woodlark gold project located in Papua New Guinea. Geopacific Resources Limited was incorporated in 1986 and is headquartered in Perth, Australia.