Shan Shamsher Kanji Buys 6,600,000 Shares of Spirit Technology Solutions Ltd (ASX:ST1) Stock

Spirit Technology Solutions Ltd (ASX:ST1) insider Shan Shamsher Kanji purchased 6,600,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of A$0.57 ($0.36) per share, for a total transaction of A$3,762,000.00 ($2,381,012.66).

Spirit Technology Solutions Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 49.04. The company has a market capitalization of $103.03 million, a P/E ratio of -54.54 and a beta of 1.09.

About Spirit Technology Solutions

Spirit Technology Solutions Ltd. engages in the provision of collaboration and communication, cyber security, and managed information technology (IT) services in Australia. The company operates through three segments: Collaboration and Communication, Cyber Security, and Managed Services (IT&T). The Collaboration and Communication segment provides voice, managed service, and data and office technology solutions for small businesses.