Insider Buying: Southern Cross Media Group Limited (ASX:SXL) Insider Acquires 50,000 Shares of Stock

Southern Cross Media Group Limited (ASX:SXL) insider Marina Go purchased 50,000 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of A$0.66 ($0.42) per share, for a total transaction of A$33,000.00 ($21,153.85).

Southern Cross Media Group Price Performance

The stock has a market capitalization of $154.73 million, a P/E ratio of -0.70, a price-to-earnings-growth ratio of -2.96 and a beta of 1.74. The company has a quick ratio of 1.73, a current ratio of 1.56 and a debt-to-equity ratio of 121.19.

About Southern Cross Media Group

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio.