Insider Buying: MinRex Resources (ASX:MRR) Insider Buys A$13,500.00 in Stock

MinRex Resources Limited (ASX:MRR) insider Ian Shackleton purchased 750,000 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were purchased at an average cost of A$0.02 per share, for a total transaction of A$13,500.00.

MinRex Resources Price Performance

The company has a current ratio of 42.59, a quick ratio of 38.96 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $8.68 million, a PE ratio of -11.69 and a beta of 0.11.

MinRex Resources Company Profile

MinRex Resources Limited engages in the exploration and development of mineral properties. It focuses on the exploration of gold, silver, copper, lithium, tin, tantalum, and other base metal projects in New South Wales (NSW) and Western Australia. The company holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara region of Western Australia; and 100% interests in the Deflector Extended Gold project located at Gullewa in Western Australia.