Insider Buying: MinRex Resources (ASX:MRR) Insider Buys 12,765,942 Shares of Stock

MinRex Resources Limited (ASX:MRR) insider Glenn Whiddon purchased 12,765,942 shares of the business’s stock in a transaction on Friday, January 9th. The shares were purchased at an average price of A$0.02 per share, with a total value of A$217,021.01.

MinRex Resources Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 38.96 and a current ratio of 42.59. The company has a market capitalization of $8.68 million, a price-to-earnings ratio of -11.69 and a beta of 0.11.

About MinRex Resources

MinRex Resources Limited engages in the exploration and development of mineral properties. It focuses on the exploration of gold, silver, copper, lithium, tin, tantalum, and other base metal projects in New South Wales (NSW) and Western Australia. The company holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara region of Western Australia; and 100% interests in the Deflector Extended Gold project located at Gullewa in Western Australia.