Magnetic Resources NL (ASX:MAU) Insider Purchases A$8,421,076.84 in Stock

Posted by on Feb 12th, 2025

Magnetic Resources NL (ASX:MAU – Get Free Report) insider Eric Lim acquired 6,902,522 shares of the stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of A$1.22 ($0.77) per share, with a total value of A$8,421,076.84 ($5,296,274.74).

Magnetic Resources Stock Performance

The company has a debt-to-equity ratio of 2.92, a quick ratio of 5.96 and a current ratio of 10.81.

Magnetic Resources Company Profile

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Magnetic Resources NL engages in the exploration of mineral tenements in Western Australia. It primarily explores for gold, nickel, copper, platinum group element, and iron deposits. The company holds 100% interests in the Lady Julie Central Project; Lady Julie North 4; and The Hawks Nest 9 Project. It also holds interest in various projects and tenements, such as Julimar Lookalike; and Chatterbox Shear Zone.

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