Insider Buying: Group 6 Metals (ASX:G6M) Insider Purchases A$4,916,249.45 in Stock

Group 6 Metals Limited (ASX:G6M) insider Dale Elphinstone acquired 14,046,427 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of A$0.35 per share, with a total value of A$4,916,249.45.

Group 6 Metals Price Performance

The firm has a market cap of $25.10 million, a P/E ratio of -0.83 and a beta of 0.23. The company has a current ratio of 0.53, a quick ratio of 0.78 and a debt-to-equity ratio of 69.06.

About Group 6 Metals

Group 6 Metals Limited operates in the mining industry. The company focuses on the development and commissioning of the Dolphin tungsten project located in King Island, Tasmania. It also produces tungsten concentrate. The company was formerly known as King Island Scheelite Limited and changed its name to Group 6 Metals Limited in November 2021.