Melbana Energy Limited (ASX:MAY) Insider Andrew Purcell Purchases 1,189,166 Shares

Melbana Energy Limited (ASX:MAY – Get Rating) insider Andrew Purcell purchased 1,189,166 shares of the stock in a transaction on Monday, December 5th. The shares were purchased at an average price of A$0.04 ($0.03) per share, with a total value of A$49,944.97 ($33,520.12).

Melbana Energy Stock Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.02 and a current ratio of 3.02.

About Melbana Energy

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Melbana Energy Limited engages in the oil and gas exploration in Cuba and Australia. The company holds a 100% interest in the Tassie Shoal Methanol and LNG project located in Australia. It also holds a 100% interest in the Santa Cruz oil field located in Cuba; and WA-544-P and NT/P87 permits covering an area of approximately 4,000km2 in the Petrel sub-basin, as well as a 30% interest in Block 9 that covers an area of 2,344km2 located in Cuba.