Arafura Rare Earths (ASX:ARU) Insider Buys A$30,000.05 in Stock

Arafura Rare Earths Limited (ASX:ARU) insider Mark Southey bought 157,895 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of A$0.19 per share, for a total transaction of A$30,000.05.

Arafura Rare Earths Stock Performance

The firm has a market capitalization of $357.33 million, a price-to-earnings ratio of -5.01 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 2.30 and a debt-to-equity ratio of 0.52.

About Arafura Rare Earths

Arafura Rare Earths Limited explores for and develops mineral properties in Australia. It focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. The company holds 100% interests in the Nolans project, a rare earths-phosphate-uranium-thorium deposit that supplies neodymium and praseodymium products; and the Aileron-Reynolds project comprising six granted exploration licences covering an area of approximately 1,240 kilometer square located in Northern Territory, Australia.