Alkane Resources (ASX:ALK) Insider Sells A$75,000,000.00 in Stock

Alkane Resources Limited (ASX:ALK) insider Bradford Mills sold 50,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of A$1.50, for a total value of A$75,000,000.00.

Alkane Resources Stock Performance

The stock has a market capitalization of $378.46 million, a P/E ratio of 21.34, a P/E/G ratio of 4.91 and a beta of 0.94. The company has a debt-to-equity ratio of 15.84, a quick ratio of 3.13 and a current ratio of 1.38.

About Alkane Resources

Alkane Resources Ltd operates as a gold exploration and production company in Australia. The company explores for gold, copper, nickel, zinc, and silver deposits. It also invests in junior gold mining companies and projects. The company was incorporated in 1969 and is headquartered in West Perth, Australia.