Insider Buying: MGM Wireless Limited (ASX:MWR) Insider Buys A$150,000.00 in Stock

MGM Wireless Limited (ASX:MWR) insider Mark Fortunatow acquired 250,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of A$0.60 ($0.43) per share, for a total transaction of A$150,000.00 ($106,382.98).

ASX MWR opened at A$3.18 ($2.26) on Tuesday. The company has a quick ratio of 1.82, a current ratio of 2.80 and a debt-to-equity ratio of 8.55. MGM Wireless Limited has a 12-month low of A$1.38 ($0.98) and a 12-month high of A$5.02 ($3.56). The firm has a market capitalization of $38.95 million and a P/E ratio of -7.85. The firm has a 50 day simple moving average of A$3.82.

About MGM Wireless

MGM Wireless Limited designs, develops, and commercializes smartphone+watch wearables devices for children; and software for school communication and student absence management in Australia, New Zealand, the United Kingdom, and the United States. It operates through School Messaging Services, Smart Watches and Apps, and Other segments.

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