Insider Buying: Mount Gibson Iron Limited (ASX:MGX) Insider Purchases 62,998 Shares of Stock

Mount Gibson Iron Limited (ASX:MGX) insider Evian Delfabbro acquired 62,998 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average price of A$0.32 ($0.21) per share, with a total value of A$19,970.37 ($13,138.40).

Mount Gibson Iron Price Performance

The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.32 and a current ratio of 8.75.

Mount Gibson Iron Company Profile

Mount Gibson Iron Limited, together with its subsidiaries, engages in the mining, crushing, processing, transportation, and sale of hematite iron ore in Australia. The company primarily holds interests in the Extension Hill mine and Shine mine deposit in the Mid-West region of Western Australia, as well as operates haulage of the ore through road and rail for export from the Geraldton Port.