Insider Buying: Xanadu Mines Limited (ASX:XAM) Insider Acquires 14,080,000 Shares of Stock

Xanadu Mines Limited (ASX:XAM) insider Colin Moorhead purchased 14,080,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$704,000.00 ($440,000.00).

Xanadu Mines Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 12.73 and a current ratio of 11.61.

About Xanadu Mines

Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the 38.25% Kharmagtai Copper-Gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds 100% interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia.