Insider Buying: Xanadu Mines Limited (ASX:XAM) Insider Purchases 1,140,000 Shares of Stock

Xanadu Mines Limited (ASX:XAM) insider Tony Pearson purchased 1,140,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average cost of A$0.06 ($0.04) per share, for a total transaction of A$62,700.00 ($39,936.31).

Xanadu Mines Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 11.61 and a quick ratio of 12.73.

Xanadu Mines Company Profile

Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the 38.25% Kharmagtai Copper-Gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds 100% interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia.