Adam McKinnon Buys 130,000 Shares of Magmatic Resources Limited (ASX:MAG) Stock

Magmatic Resources Limited (ASX:MAG) insider Adam McKinnon purchased 130,000 shares of Magmatic Resources stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost 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 debt-to-equity ratio of 23.87, a current ratio of 2.30 and a quick ratio of 12.92.

About Magmatic Resources

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.