Insider Buying: IGO (ASX:IGO) Insider Acquires 127,691 Shares of Stock

IGO Limited (ASX:IGO) insider Ivan Vella purchased 127,691 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were purchased at an average price of A$8.04 per share, for a total transaction of A$1,026,635.64.

IGO Price Performance

The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.38 and a current ratio of 5.85. The company has a market cap of $3.68 billion, a P/E ratio of 1,312.56, a price-to-earnings-growth ratio of 0.37 and a beta of 0.74.

IGO Company Profile

IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia.