Insider Buying: Meeka Metals Limited (ASX:MEK) Insider Purchases 500,000 Shares of Stock

Meeka Metals Limited (ASX:MEK) insider Paul Chapman bought 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of A$0.10 ($0.06) per share, for a total transaction of A$50,000.00 ($32,051.28).

Paul Chapman also recently made the following trade(s):

• On Monday, January 20th, Paul Chapman acquired 875,000 shares of Meeka Metals stock. The stock was purchased at an average cost of A$0.08 ($0.05) per share, for a total transaction of A$70,000.00 ($44,871.79).
• On Wednesday, December 4th, Paul Chapman acquired 1,187,500 shares of Meeka Metals stock. The stock was purchased at an average cost of A$0.06 ($0.04) per share, for a total transaction of A$71,250.00 ($45,673.08).

Meeka Metals Price Performance

The firm has a market capitalization of $286.75 million, a P/E ratio of -47.70 and a beta of 0.88. The company has a quick ratio of 2.61, a current ratio of 0.94 and a debt-to-equity ratio of 7.98.

About Meeka Metals

Meeka Metals Limited engages in the exploration of gold and rare earth properties in Australia. Its flagship project is the Murchison gold project covering an area of 343 square kilometers located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022.