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

Magnetic Resources NL (ASX:MAU) insider Eric Lim purchased 6,902,522 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were acquired at an average cost of A$1.22 ($0.77) per share, for a total transaction of A$8,421,076.84 ($5,296,274.74).

Magnetic Resources Price Performance

The company has a current ratio of 10.81, a quick ratio of 5.96 and a debt-to-equity ratio of 2.92.

Magnetic Resources Company Profile

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.