Insider Buying: Magnetic Resources NL (ASX:MAU) Insider Acquires 6,902,522 Shares of Stock

Magnetic Resources NL (ASX:MAU) insider Eric Lim bought 6,902,522 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of A$1.22 ($0.78) per share, with a total value of A$8,421,076.84 ($5,363,743.21).

Magnetic Resources Price Performance

The company has a quick ratio of 5.96, a current ratio of 10.81 and a debt-to-equity ratio of 2.92. The stock has a market cap of $348.12 million, a PE ratio of -22.68 and a beta of 0.14.

Magnetic Resources Company Profile

Magnetic Resources NL engages in the exploration of mineral tenements in Western Australia. It primarily explores for gold, nickel, copper, platinum group element, and iron deposits. The company holds 100% interests in the Lady Julie Central Project; Lady Julie North 4; and The Hawks Nest 9 Project. It also holds interest in various projects and tenements, such as Julimar Lookalike; and Chatterbox Shear Zone.