Insider Buying: Provaris Energy Ltd (ASX:PV1) Insider Acquires 1,250,000 Shares of Stock

Provaris Energy Ltd (ASX:PV1) insider David Palmer acquired 1,250,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of A$0.02 ($0.01) per share, with a total value of A$25,000.00 ($15,723.27).

Provaris Energy Stock Performance

The company has a current ratio of 1.23, a quick ratio of 13.95 and a debt-to-equity ratio of 125.48. The firm has a market cap of $12.36 million, a P/E ratio of -2.84 and a beta of 0.74.

Provaris Energy Company Profile

Provaris Energy Ltd engages in the development of hydrogen production and export projects in Australia and internationally. The company owns 100% interest in the Tiwi Islands Hydrogen Export project located in the Northern Territory, Australia. It also develops compressed hydrogen storage and transportation solutions.