Insider Buying: Nimy Resources Limited (ASX:NIM) Insider Acquires 175,000 Shares of Stock

Nimy Resources Limited (ASX:NIM) insider Neil Warburton acquired 175,000 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of A$0.09 ($0.05) per share, for a total transaction of A$14,875.00 ($9,239.13).

Nimy Resources Price Performance

The stock has a market capitalization of $12.29 million, a price-to-earnings ratio of -3,587.37 and a beta of -1.31.

About Nimy Resources

Nimy Resources Limited, an exploration company, engages in discovering and developing an economic nickel-sulfide project in Australia. The company explores for nickel, lithium, rare earths, gold, other precious metals, and base metals. It holds a 100% interest in the MONS nickel project comprising various tenements that covers an area of approximately 2,564 square kilometers located within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton.