Kaiser Reef (ASX:KAU) Insider Acquires A$190,625.00 in Stock

Kaiser Reef Limited (ASX:KAU) insider Steven Formica acquired 625,000 shares of the stock in a transaction on Friday, January 9th. The shares were acquired at an average price of A$0.31 per share, with a total value of A$190,625.00.

Kaiser Reef Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.66 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $40.39 million, a price-to-earnings ratio of -4.79 and a beta of 1.49.

Kaiser Reef Company Profile

Kaiser Reef Limited engages in the exploration, development, and production of gold projects in Australia. The company holds a 100% interest in the Stuart Town project; and Macquarie North project located in the Lachlan Fold Belt, New South Wales. It also holds a 100% interest in the Maldon Goldfield located within the central portion of the Bendigo-Ballarat zone of the Lachlan Fold Belt; and the A1 Gold Mine located in Eastern Victoria. The company was incorporated in 2019 and is based in Subiaco, Australia.