Heith Mackay-Cruise Purchases 74,100 Shares of Southern Cross Media Group Limited (ASX:SXL) Stock

Southern Cross Media Group Limited (ASX:SXL) insider Heith Mackay-Cruise acquired 74,100 shares of the stock in a transaction dated Friday, March 21st. The shares were bought at an average price of A$0.68 ($0.43) per share, with a total value of A$50,239.80 ($31,597.36).

Southern Cross Media Group Price Performance

The company has a debt-to-equity ratio of 121.19, a current ratio of 1.56 and a quick ratio of 1.73. The company 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.

Southern Cross Media Group Company Profile

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.