Arafura Rare Earths Limited (ASX:ARU) Insider Acquires A$85,000.00 in Stock

Arafura Rare Earths Limited (ASX:ARU) insider Roger Higgins bought 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of A$0.17 ($0.11) per share, for a total transaction of A$85,000.00 ($55,194.81).

Arafura Rare Earths Price Performance

The company has a debt-to-equity ratio of 3.48, a quick ratio of 2.30 and a current ratio of 2.38.

About Arafura Rare Earths

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.