Raymond Shorrocks Acquires 1,963,385 Shares of Galilee Energy Limited (ASX:GLL) Stock

Galilee Energy Limited (ASX:GLL) insider Raymond Shorrocks acquired 1,963,385 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of A$0.01 ($0.00) per share, for a total transaction of A$13,743.70 ($8,329.51).

Galilee Energy Price Performance

The company has a debt-to-equity ratio of 13.34, a quick ratio of 5.50 and a current ratio of 13.68. The stock has a market capitalization of $3.90 million, a P/E ratio of -0.67 and a beta of 0.16.

About Galilee Energy

Galilee Energy Limited, through its subsidiaries, engages in the exploration and production of oil and gas properties in Australia, the United States, and Chile. It primarily explores for coal seam gas. The company's flagship project is the Glenaras gas project located within the ATP 2019 permit, which covers an area of approximately 3,200 square kilometers in western Queensland's Galilee Basin.