Insider Buying: Image Resources NL (ASX:IMA) Insider Purchases 1,000,000 Shares of Stock

Image Resources NL (ASX:IMA) insider Huang Li acquired 1,000,000 shares of Image Resources stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of A$0.24 ($0.17) per share, for a total transaction of A$240,000.00 ($170,212.77).

Huang Li also recently made the following trade(s):

  • On Wednesday, June 5th, Huang Li bought 1,300,000 shares of Image Resources stock. The shares were acquired at an average price of A$0.23 ($0.16) per share, with a total value of A$301,600.00 ($213,900.71).
  • On Wednesday, May 29th, Huang Li acquired 2,000,000 shares of Image Resources stock. The stock was purchased at an average price of A$0.23 ($0.16) per share, with a total value of A$462,000.00 ($327,659.57).

Shares of Image Resources stock traded up A$0.01 ($0.01) during trading hours on Friday, reaching A$0.29 ($0.21). 2,604,858 shares of the company’s stock were exchanged. Image Resources NL has a fifty-two week low of A$0.10 ($0.07) and a fifty-two week high of A$0.28 ($0.20). The firm has a market cap of $281.51 million and a PE ratio of 32.22. The business’s 50 day moving average is A$0.24. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 112.59.

Image Resources Company Profile

Image Resources NL operates as a mineral sands mining company. The company focuses on mining, ore processing, and production of heavy mineral concentrates. Its flagship projects are the Boonanarring and Atlas projects, which are North Perth Basin mineral sands projects located in Western Australia. The company is based in West Perth, Australia.

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