Insider Buying: Applied Minerals Inc (AMNL) Director Acquires 1,000,000 Shares of Stock

Applied Minerals Inc (OTCMKTS:AMNL) Director Mario Concha acquired 1,000,000 shares of the stock in a transaction on Monday, June 11th. The stock was purchased at an average cost of $0.08 per share, with a total value of $80,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Applied Minerals stock traded up $0.03 on Thursday, hitting $0.17. 684,899 shares of the company’s stock traded hands, compared to its average volume of 125,770. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of -0.80. Applied Minerals Inc has a 52-week low of $0.02 and a 52-week high of $0.25.

Applied Minerals Company Profile

Applied Minerals, Inc extracts, processes, and markets halloysite clay and iron oxide. The company owns the Dragon mine property that consists of 38 patented and 6 unpatented mining claims covering an area of 267 acres located in Juab County, Utah. It offers halloysite clay-based line of products for use in various applications, such as molecular sieves and catalysts, nucleation and/or reinforcement of polymers, fire retardant additives for plastics, cementing, binders for ceramics, cosmetics, and controlled release carriers under the tradename DRAGONITE.

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