Cyclone Metals Limited (ASX:CLE) Insider Luke Martino Purchases 350,000 Shares

Cyclone Metals Limited (ASX:CLE) insider Luke Martino purchased 350,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was bought at an average price of A$0.05 ($0.03) per share, for a total transaction of A$17,150.00 ($10,923.57).

Cyclone Metals Price Performance

The company has a current ratio of 1.46, a quick ratio of 2.28 and a debt-to-equity ratio of 27.37. The stock has a market capitalization of $62.05 million, a PE ratio of -5.32 and a beta of 2.49.

Cyclone Metals Company Profile

Cyclone Metals Limited, together with its subsidiaries, engages in the investment, exploration, and evaluation of mineral properties in Australia. The company explores for cobalt, lithium, iron ore, copper, uranium, gold, lead, silver, and zinc deposits. Its flagship project is the Block 103 Magnetite Iron Ore project located in Schefferville, Quebec, Canada.