Nickel Industries (ASX:NIC) Insider Acquires A$985,000.00 in Stock

Nickel Industries Limited (ASX:NIC) insider Christopher(Chris ) Shepherd bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of A$0.99 per share, with a total value of A$985,000.00.

Nickel Industries Stock Performance

The company has a debt-to-equity ratio of 31.94, a current ratio of 3.59 and a quick ratio of 2.18. The stock has a market capitalization of $2.04 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.20 and a beta of 0.91.

About Nickel Industries

Nickel Industries Limited engages in nickel ore mining, nickel pig iron, cobalt, and nickel matte production activities. It is also involved in the production of mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022. Nickel Industries Limited was incorporated in 2007 and is based in Sydney, Australia.