James Graham Purchases 650,000 Shares of Recce Pharmaceuticals Ltd (RCE) Stock
Recce Pharmaceuticals Ltd (ASX:RCE) insider James Graham acquired 650,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of A$0.16 ($0.11) per share, with a total value of A$100,750.00 ($71,453.90).
ASX RCE traded up A$0.03 ($0.02) during trading on Thursday, hitting A$0.18 ($0.13). The company had a trading volume of 1,402,727 shares. The company has a quick ratio of 0.08, a current ratio of 0.09 and a debt-to-equity ratio of 0.41. The company has a market cap of $19.28 million and a price-to-earnings ratio of -9.47.
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Recce Pharmaceuticals Ltd, a biotechnology company, researches and develops antibiotic drugs in Australia. The company focuses on the development of RECCE 327 that helps to address the problem of antibiotic resistant superbugs. It also develops drugs for the treatment of stomach ulcers and diarrhea. The company was formerly known as Recce Limited and changed its name to Recce Pharmaceuticals Ltd in November 2017.
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