Insider Buying: Meeka Metals Limited (ASX:MEK) Insider Acquires 500,000 Shares of Stock

Meeka Metals Limited (ASX:MEK) insider Paul Chapman bought 500,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of A$0.10 ($0.06) per share, with a total value of A$50,000.00 ($32,051.28).

Paul Chapman also recently made the following trade(s):

• On Monday, January 20th, Paul Chapman acquired 875,000 shares of Meeka Metals stock. The shares were acquired at an average price of A$0.08 ($0.05) per share, with a total value of A$70,000.00 ($44,871.79).
• On Wednesday, December 4th, Paul Chapman acquired 1,187,500 shares of Meeka Metals stock. The shares were acquired at an average price of A$0.06 ($0.04) per share, with a total value of A$71,250.00 ($45,673.08).

Meeka Metals Stock Performance

The company has a debt-to-equity ratio of 7.98, a current ratio of 0.94 and a quick ratio of 2.61. The firm has a market cap of $286.75 million, a PE ratio of -47.70 and a beta of 0.88.

Meeka Metals Company Profile

Meeka Metals Limited engages in the exploration of gold and rare earth properties in Australia. Its flagship project is the Murchison gold project covering an area of 343 square kilometers located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022.