Insider Buying: Southern Cross Media Group Limited (ASX:SXL) Insider Purchases 76,923 Shares of Stock

Southern Cross Media Group Limited (ASX:SXL) insider John Kelly bought 76,923 shares of the company’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of A$0.69 ($0.43) per share, with a total value of A$53,153.79 ($33,430.06).

Southern Cross Media Group Price Performance

The stock has a market cap of $154.73 million, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of -2.96 and a beta of 1.74. The company has a debt-to-equity ratio of 121.19, a quick ratio of 1.73 and a current ratio of 1.56.

About Southern Cross Media Group

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio.