Steven Formica Acquires 625,000 Shares of Kaiser Reef (ASX:KAU) Stock

Kaiser Reef Limited (ASX:KAU) insider Steven Formica purchased 625,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average cost of A$0.31 per share, for a total transaction of A$190,625.00.

Kaiser Reef Stock Performance

The company has a debt-to-equity ratio of 2.49, a current ratio of 1.17 and a quick ratio of 1.66. The company has a market cap of $40.39 million, a PE ratio of -4.79 and a beta of 1.49.

Kaiser Reef Company Profile

Kaiser Reef Limited engages in the exploration, development, and production of gold projects in Australia. The company holds a 100% interest in the Stuart Town project; and Macquarie North project located in the Lachlan Fold Belt, New South Wales. It also holds a 100% interest in the Maldon Goldfield located within the central portion of the Bendigo-Ballarat zone of the Lachlan Fold Belt; and the A1 Gold Mine located in Eastern Victoria. The company was incorporated in 2019 and is based in Subiaco, Australia.