Adam McKinnon Purchases 3,369,984 Shares of Advance Metals (ASX:AVM) Stock

Advance Metals Limited (ASX:AVM) insider Adam McKinnon purchased 3,369,984 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was bought at an average price of A$0.15 per share, with a total value of A$488,647.68.

Advance Metals Price Performance

The company has a market capitalization of $9.44 million, a price-to-earnings ratio of -4.45 and a beta of 0.58.

About Advance Metals

Advance Metals Limited operates as a mineral exploration company in Canada and Australia. It primarily explores for copper and gold deposits. The company holds interest in the Augustus project covering an area of approximately 2,631 acres unpatented lode claims and patented lands located in Arizona; and the Garnet Skarn project that consists of 2,527 hectares located in Idaho. It also has exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The company was formerly known as Pacific American Holdings Limited and changed its name to Advance Metals Limited in June 2022.