Simon Linge Buys 2,272,727 Shares of Lithium Australia Limited (ASX:LIT) Stock

Lithium Australia Limited (ASX:LIT) insider Simon Linge purchased 2,272,727 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of A$0.01 ($0.01) per share, with a total value of A$25,000.00 ($15,822.78).

Lithium Australia Stock Performance

The firm has a market capitalization of $17.51 million, a PE ratio of -1.48 and a beta of 1.31. The company has a debt-to-equity ratio of 101.11, a quick ratio of 0.57 and a current ratio of 0.55.

Lithium Australia Company Profile

Lithium Australia Limited, together with its subsidiaries, engages in the mineral exploration and technology development activities. It operates through Battery Recycling, Lithium Chemicals, and Battery Materials segments. The company researches and develops processing technologies for mixed-battery recycling, as well as sells recovered energy metals; and researches, develops, and produces battery materials, including lithium ferro phosphate and lithium manganese ferro phosphate.