Luke Martino Purchases 350,000 Shares of Cyclone Metals Limited (ASX:CLE) Stock

Cyclone Metals Limited (ASX:CLE) insider Luke Martino bought 350,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of A$0.05 ($0.03) per share, for a total transaction of A$17,150.00 ($10,923.57).

Cyclone Metals Price Performance

The company has a current ratio of 1.46, a quick ratio of 2.28 and a debt-to-equity ratio of 27.37. The firm has a market capitalization of $62.05 million, a P/E ratio of -5.32 and a beta of 2.49.

Cyclone Metals Company Profile

Cyclone Metals Limited, together with its subsidiaries, engages in the investment, exploration, and evaluation of mineral properties in Australia. The company explores for cobalt, lithium, iron ore, copper, uranium, gold, lead, silver, and zinc deposits. Its flagship project is the Block 103 Magnetite Iron Ore project located in Schefferville, Quebec, Canada.