Prospect Resources (ASX:PSC) Insider Acquires A$195,403.80 in Stock

Prospect Resources Limited (ASX:PSC) insider Samuel (Sam) Hosack acquired 977,019 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were purchased at an average price of A$0.20 per share, for a total transaction of A$195,403.80.

Prospect Resources Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 367.48 and a current ratio of 12.21. The stock has a market cap of $53.26 million, a price-to-earnings ratio of -6.18 and a beta of 0.49.

Prospect Resources Company Profile

Prospect Resources Limited engages in the exploration, evaluation, and development of mineral resources in Zimbabwe. The company primarily explores for lithium deposits. The company holds interest in the Kesya Rare Earths project covering an area of 1,053 hectares located in the Zambia; the Step Aside Lithium project covering an area of 100 hectares; and the Omaruru Lithium Project located in the East of Karibib, Namibia.