Insider Buying: Galilee Energy Limited (ASX:GLL) Insider Acquires 1,963,385 Shares of Stock

Galilee Energy Limited (ASX:GLL) insider Raymond Shorrocks bought 1,963,385 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were purchased at an average price of A$0.01 ($0.00) per share, for a total transaction of A$13,743.70 ($8,589.81).

Galilee Energy Price Performance

The company has a current ratio of 13.68, a quick ratio of 5.50 and a debt-to-equity ratio of 13.34. The stock has a market capitalization of $3.90 million, a price-to-earnings ratio of -0.67 and a beta of 0.16.

About Galilee Energy

Galilee Energy Limited, through its subsidiaries, engages in the exploration and production of oil and gas properties in Australia, the United States, and Chile. It primarily explores for coal seam gas. The company's flagship project is the Glenaras gas project located within the ATP 2019 permit, which covers an area of approximately 3,200 square kilometers in western Queensland's Galilee Basin.