Insider Selling: Matsa Resources (ASX:MAT) Insider Sells 300,000 Shares of Stock

Matsa Resources Limited (ASX:MAT) insider Andrew Chapman sold 300,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of A$0.14, for a total value of A$42,600.00.

Andrew Chapman also recently made the following trade(s):

• On Friday, November 21st, Andrew Chapman sold 212,041 shares of Matsa Resources stock. The shares were sold at an average price of A$0.11, for a total value of A$22,264.31.
• On Friday, November 21st, Andrew Chapman purchased 1,093,378 shares of Matsa Resources stock. The stock was acquired at an average cost of A$0.05 per share, for a total transaction of A$54,668.90.

Matsa Resources Stock Performance

The firm has a market cap of $38.10 million, a PE ratio of -5,584.45 and a beta of 0.63. The company has a current ratio of 0.47, a quick ratio of 0.18 and a debt-to-equity ratio of 42.99.

Matsa Resources Company Profile

Matsa Resources Limited engages in the exploration of mineral resources in Western Australia and Thailand. The company primarily explores for gold, copper, silver, lead, lithium, tin, rare earth elements, and base metals. Its flagship project is the Lake Carey Gold project that comprises approximately 449 square kilometers of prospective tenements within the Laverton Tectonic Zone of the Kurnalpi Terrane in Western Australia's eastern goldfields region, as well as Devon, Fortitude North, Fortitude Stage 2 Gold Mine, and Red October projects located in Australia.