RareX (ASX:REE) Insider Buys A$217,000.00 in Stock

RareX Limited (ASX:REE) insider James Durrant purchased 7,000,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were acquired at an average cost of A$0.03 per share, with a total value of A$217,000.00.

RareX Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.22 and a current ratio of 2.13. The firm has a market capitalization of $7.21 million, a P/E ratio of -1,865.94 and a beta of 1.45.

About RareX

RareX Limited explores for and develops mineral properties in Australia. The company primarily explores for nickel, cobalt, copper, gold, and rare earths deposits. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the Kimberley region of Western Australia. RareX Limited was incorporated in 2003 and is headquartered in Subiaco, Australia.