Insider Buying: Middle Island Resources (ASX:MDI) Insider Acquires 9,000,000 Shares of Stock

Middle Island Resources Limited (ASX:MDIGet Free Report) insider Daniel Raihani purchased 9,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was bought at an average price of A$0.04 per share, for a total transaction of A$315,000.00.

Daniel Raihani also recently made the following trade(s):

  • On Tuesday, September 2nd, Daniel Raihani acquired 3,500,000 shares of Middle Island Resources stock. The shares were acquired at an average cost of A$0.04 per share, for a total transaction of A$122,500.00.

Middle Island Resources Stock Performance

The company has a market capitalization of $4.10 million, a P/E ratio of -1.97 and a beta of 0.27.

Middle Island Resources Company Profile

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Middle Island Resources Limited engages in the identification, acquisition, and exploration of mineral assets in Australia. It explores for copper and gold. The company holds a 100% interest in the Barkly project that comprises 16 exploration licenses covering an area of approximately 6,918 square kilometers located in the Barkly region of the Northern Territory.

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