Ashley McDonald Purchases 166,666 Shares of Lunnon Metals (ASX:LM8) Stock

Lunnon Metals Limited (ASX:LM8) insider Ashley McDonald acquired 166,666 shares of the company’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of A$0.31 per share, with a total value of A$51,999.79.

Lunnon Metals Price Performance

The company has a current ratio of 30.79, a quick ratio of 12.93 and a debt-to-equity ratio of 0.18. The company has a market cap of $50.74 million, a P/E ratio of -2.08 and a beta of 0.04.

Lunnon Metals Company Profile

Lunnon Metals Limited focuses on the exploration and development of nickel and gold in Australia. It holds 100% interest in the Kambalda Nickel project, which comprises the Foster and Baker area that consists of 19 contiguous mining leases and the Silver Lake and Fisher area, which includes 20 contiguous mining leases covering an area of approximately 47 square kilometers located within the Kambalda Nickel District, Eastern Goldfields, Western Australia.