Peter Koller, an insider at Scorpion Minerals Limited (ASX:SCN), acquired 450,000 shares of the company’s stock on December 23, 2023. The shares were purchased at an average price of A$0.03 each, resulting in a total expenditure of A$13,950. This transaction highlights the insider’s confidence in the company’s future prospects.
Scorpion Minerals, which has a market capitalization of approximately A$6.14 million, has shown varied financial metrics. The company currently reports a price-to-earnings ratio of -1.99, indicating a negative earnings situation, alongside a beta of 0.46, suggesting lower volatility compared to the overall market. Additionally, the firm has a debt-to-equity ratio of 16.94, reflecting a significant reliance on debt relative to shareholder equity.
The company’s liquidity ratios paint a mixed picture, with a quick ratio of 1.84, which is considered healthy, while its current ratio stands at 0.33, indicating potential challenges in meeting short-term liabilities.
Investors may find these developments noteworthy as they reflect both the internal confidence from company insiders and the financial standing of Scorpion Minerals in the current market environment.
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