Cannindah Resources (ASX:CAE) Insider Michael Hansel Buys 500,000 Shares

Cannindah Resources Limited (ASX:CAE) insider Michael Hansel purchased 500,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average price of A$1.00 per share, for a total transaction of A$500,000.00.

Cannindah Resources Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a market cap of $45.87 million, a price-to-earnings ratio of -24.17 and a beta of 1.23.

About Cannindah Resources

Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of various mineral projects in Australia. The company primarily explores for copper and gold deposits. It holds interest in the Mount Cannindah project located in Queensland; and the Piccadilly project located in the Charter Tower.