Melissa (Mel) Sanderson Purchases 2,000,000 Shares of American Rare Earths Limited (ASX:ARR) Stock

American Rare Earths Limited (ASX:ARR) insider Melissa (Mel) Sanderson purchased 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of A$0.20 ($0.13) per share, for a total transaction of A$400,000.00 ($259,740.26).

American Rare Earths Stock 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.

American Rare Earths Company Profile

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.