Insider Buying: Saracen Mineral Holdings Limited (ASX:SAR) Insider Acquires A$856,550.00 in Stock

Saracen Mineral Holdings Limited (ASX:SAR) insider Raleigh Finlayson acquired 185,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of A$4.63 ($3.28) per share, with a total value of A$856,550.00 ($607,482.27).

Shares of SAR opened at A$4.47 ($3.17) on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 2.64. The stock’s 50 day simple moving average is A$4.02. Saracen Mineral Holdings Limited has a 1-year low of A$1.72 ($1.22) and a 1-year high of A$4.75 ($3.37). The stock has a market cap of $3.65 billion and a PE ratio of 50.80.

Saracen Mineral Company Profile

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. The company explores for gold and nickel deposits. It owns 100% interests in the Carosue Dam operations located to the north-east of Kalgoorlie, Western Australia; and Thunderbox operations located in the Yandal and the Agnew-Wiluna belts in the North Eastern Goldfields of Western Australia.

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