Gavin Lockyer Purchases 187,500 Shares of Arafura Rare Earths Limited (ASX:ARU) Stock

Arafura Rare Earths Limited (ASX:ARUGet Free Report) insider Gavin Lockyer purchased 187,500 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were acquired at an average price of A$0.16 ($0.11) per share, for a total transaction of A$30,000.00 ($19,867.55).

Arafura Rare Earths Stock Performance

The company has a quick ratio of 2.30, a current ratio of 3.22 and a debt-to-equity ratio of 0.76.

About Arafura Rare Earths

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Arafura Rare Earths Limited explores for and develops mineral properties in Australia. It focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. The company holds 100% interests in the Nolans project, a rare earths-phosphate-uranium-thorium deposit that supplies neodymium and praseodymium products; and the Aileron-Reynolds project comprising six granted exploration licences covering an area of approximately 1,240 kilometer square located in Northern Territory, Australia.

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