Insider Buying: Provaris Energy Ltd (ASX:PV1) Insider Acquires 1,250,000 Shares of Stock

Provaris Energy Ltd (ASX:PV1) insider David Palmer bought 1,250,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of A$0.02 ($0.01) per share, for a total transaction of A$25,000.00 ($15,723.27).

Provaris Energy Stock Performance

The stock has a market cap of $12.36 million, a P/E ratio of -2.84 and a beta of 0.74. The company has a current ratio of 1.23, a quick ratio of 13.95 and a debt-to-equity ratio of 125.48.

About Provaris Energy

Provaris Energy Ltd engages in the development of hydrogen production and export projects in Australia and internationally. The company owns 100% interest in the Tiwi Islands Hydrogen Export project located in the Northern Territory, Australia. It also develops compressed hydrogen storage and transportation solutions.