Magmatic Resources Limited (ASX:MAG) Insider Adam McKinnon Acquires 130,000 Shares

Magmatic Resources Limited (ASX:MAG) insider Adam McKinnon acquired 130,000 shares of Magmatic Resources stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of A$0.09 ($0.06) per share, for a total transaction of A$11,700.00 ($7,647.06).

Magmatic Resources Price Performance

The company has a current ratio of 2.30, a quick ratio of 12.92 and a debt-to-equity ratio of 23.87.

Magmatic Resources Company Profile

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. It holds 100% interests in the Myall, Parkes, and Wellington North projects located in the East Lachlan region, New South Wales. Magmatic Resources Limited was incorporated in 2016 and is headquartered in Nedlands, Australia.