Yandal Resources Ltd (YRL) Insider David (Lorry) Hughes Acquires 50,000 Shares

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Yandal Resources Ltd (ASX:YRL) insider David (Lorry) Hughes purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was acquired at an average price of A$0.25 ($0.18) per share, for a total transaction of A$12,500.00 ($8,865.25).

Shares of YRL opened at A$0.25 ($0.18) on Wednesday. The stock has a market capitalization of $13.34 million and a price-to-earnings ratio of -2.45.

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Yandal Resources Company Profile

Yandal Resources Limited engages in the exploration and development of gold properties in Australia. The company primarily holds 100% interests in the Ironstone Well project comprising four tenements covering approximately 253 square kilometers located in the Yandal Greenstone Belt in the Yandal Greenstone Belt in Western Australia.

Further Reading: Why does a company issue an IPO?

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