Magnetic Resources NL (ASX:MAU) Insider Eric Lim Purchases 6,902,522 Shares

Magnetic Resources NL (ASX:MAUGet Free Report) insider Eric Lim purchased 6,902,522 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of A$1.22 ($0.77) per share, with a total value of A$8,421,076.84 ($5,329,795.47).

Magnetic Resources Price Performance

The firm has a market cap of $348.12 million, a P/E ratio of -22.68 and a beta of 0.14. The company has a debt-to-equity ratio of 2.92, a current ratio of 10.81 and a quick ratio of 5.96.

About Magnetic Resources

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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.

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