Melissa (Mel) Sanderson Purchases 2,000,000 Shares of American Rare Earths Limited (ASX:ARR) Stock

American Rare Earths Limited (ASX:ARR) insider Melissa (Mel) Sanderson acquired 2,000,000 shares of American Rare Earths stock in a transaction on Monday, November 11th. The shares were purchased at an average price of A$0.20 ($0.13) per share, for a total transaction of A$400,000.00 ($259,740.26).

American Rare Earths Price Performance

The company has a current ratio of 24.78, a quick ratio of 7.91 and a debt-to-equity ratio of 1.04.

About American Rare Earths

American Rare Earths Limited engages in the exploration and development of mineral resources in Australia and the United States. The company explores for rare earth, scandium, and cobalt deposits. Its 100% owned flagship property is the Halleck Creek project situated in Wyoming, the United States. The company was formerly known as Broken Hill Prospecting Limited and changed its name to American Rare Earths Limited in July 2020.