Southern Cross Media Group Limited (ASX:SXL) Insider Acquires A$50,239.80 in Stock

Southern Cross Media Group Limited (ASX:SXL) insider Heith Mackay-Cruise purchased 74,100 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of A$0.68 ($0.43) per share, for a total transaction of A$50,239.80 ($31,597.36).

Southern Cross Media Group Price Performance

The company has a quick ratio of 1.73, a current ratio of 1.56 and a debt-to-equity ratio of 121.19. The firm has a market capitalization of $154.73 million, a PE ratio of -0.70, a price-to-earnings-growth ratio of -2.96 and a beta of 1.74.

About Southern Cross Media Group

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio.