Ganbayar Lkhagvasuren Purchases 8,458,192 Shares of Xanadu Mines Limited (ASX:XAM) Stock

Xanadu Mines Limited (ASX:XAM) insider Ganbayar Lkhagvasuren bought 8,458,192 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of A$0.08 ($0.05) per share, for a total transaction of A$676,655.36 ($439,386.60).

Ganbayar Lkhagvasuren also recently made the following trade(s):

• On Tuesday, June 3rd, Ganbayar Lkhagvasuren purchased 10,221,949 shares of Xanadu Mines stock. The shares were purchased at an average cost of A$0.08 ($0.05) per share, with a total value of A$817,755.92 ($531,010.34).
• On Monday, May 26th, Ganbayar Lkhagvasuren acquired 286,829,633 shares of Xanadu Mines stock. The stock was purchased at an average cost of A$0.06 ($0.04) per share, for a total transaction of A$17,209,777.98 ($11,175,180.51).
• On Monday, May 19th, Ganbayar Lkhagvasuren bought 15,534,000 shares of Xanadu Mines stock. The shares were purchased at an average cost of A$0.08 ($0.05) per share, with a total value of A$1,227,186.00 ($796,874.03).

Xanadu Mines Price Performance

The company has a current ratio of 4.75, a quick ratio of 12.73 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $99.43 million, a price-to-earnings ratio of -16.42 and a beta of 0.43.

About Xanadu Mines

Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the 38.25% Kharmagtai Copper-Gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds 100% interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia.