Insider Buying: Fortescue Ltd (ASX:FMG) Insider Purchases A$60,606.20 in Stock

Fortescue Ltd (ASX:FMG) insider Larry Marshall bought 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of A$15.95 ($10.63) per share, with a total value of A$60,606.20 ($40,404.13).

Fortescue Stock Performance

The company has a debt-to-equity ratio of 27.65, a quick ratio of 2.36 and a current ratio of 2.67.

Fortescue Company Profile

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.