Luke Martino Buys 350,000 Shares of Cyclone Metals Limited (ASX:CLE) Stock

Cyclone Metals Limited (ASX:CLE) insider Luke Martino acquired 350,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$17,150.00 ($10,786.16).

Cyclone Metals Price Performance

The company has a current ratio of 1.46, a quick ratio of 2.28 and a debt-to-equity ratio of 27.37. The company has a market cap of $62.05 million, a PE ratio of -5.32 and a beta of 2.49.

About Cyclone Metals

Cyclone Metals Limited, together with its subsidiaries, engages in the investment, exploration, and evaluation of mineral properties in Australia. The company explores for cobalt, lithium, iron ore, copper, uranium, gold, lead, silver, and zinc deposits. Its flagship project is the Block 103 Magnetite Iron Ore project located in Schefferville, Quebec, Canada.