Insider Buying: Magnetic Resources NL (ASX:MAU) Insider Acquires A$8,421,076.84 in Stock

Magnetic Resources NL (ASX:MAU) insider Eric Lim purchased 6,902,522 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of A$1.22 ($0.78) per share, with a total value of A$8,421,076.84 ($5,363,743.21).

Magnetic Resources Stock Performance

The firm has a market capitalization of $348.12 million, a price-to-earnings ratio of -22.68 and a beta of 0.14. The company has a debt-to-equity ratio of 2.92, a current ratio of 10.81 and a quick ratio of 5.96.

About Magnetic Resources

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.