Insider Buying: Arafura Rare Earths (ASX:ARU) Insider Buys 107,142 Shares of Stock

Arafura Rare Earths Limited (ASX:ARU) insider Roger Higgins purchased 107,142 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of A$0.28 per share, for a total transaction of A$29,999.76.

Arafura Rare Earths Price Performance

The company has a current ratio of 1.89, a quick ratio of 2.30 and a debt-to-equity ratio of 0.52. The company has a market cap of $357.33 million, a P/E ratio of -5.01 and a beta of 1.23.

Arafura Rare Earths Company Profile

Arafura Rare Earths Limited explores for and develops mineral properties in Australia. It focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. The company holds 100% interests in the Nolans project, a rare earths-phosphate-uranium-thorium deposit that supplies neodymium and praseodymium products; and the Aileron-Reynolds project comprising six granted exploration licences covering an area of approximately 1,240 kilometer square located in Northern Territory, Australia.