Lunnon Metals (ASX:LM8) Insider Ashley McDonald Buys 166,666 Shares

Lunnon Metals Limited (ASX:LM8) insider Ashley McDonald bought 166,666 shares of Lunnon Metals stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of A$0.31 per share, with a total value of A$51,999.79.

Lunnon Metals Stock Performance

The stock has a market capitalization of $50.74 million, a P/E ratio of -2.08 and a beta of 0.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 12.93 and a current ratio of 30.79.

Lunnon Metals Company Profile

Lunnon Metals Limited focuses on the exploration and development of nickel and gold in Australia. It holds 100% interest in the Kambalda Nickel project, which comprises the Foster and Baker area that consists of 19 contiguous mining leases and the Silver Lake and Fisher area, which includes 20 contiguous mining leases covering an area of approximately 47 square kilometers located within the Kambalda Nickel District, Eastern Goldfields, Western Australia.