Insider Buying: Pilbara Minerals Ltd (PLS) Insider Buys A$5,600,000.00 in Stock

Pilbara Minerals Ltd (ASX:PLS) insider Kenneth Brinsden acquired 14,000,000 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were purchased at an average cost of A$0.40 ($0.28) per share, for a total transaction of A$5,600,000.00 ($3,971,631.21).

Kenneth Brinsden also recently made the following trade(s):

  • On Tuesday, April 2nd, Kenneth Brinsden bought 1,000,000 shares of Pilbara Minerals stock. The stock was purchased at an average price of A$0.40 ($0.28) per share, with a total value of A$400,000.00 ($283,687.94).

PLS opened at A$0.73 ($0.52) on Friday. Pilbara Minerals Ltd has a 1 year low of A$0.57 ($0.40) and a 1 year high of A$1.13 ($0.80). The firm has a market capitalization of $1.33 billion and a P/E ratio of -60.83. The company has a quick ratio of 1.40, a current ratio of 1.99 and a debt-to-equity ratio of 42.55.

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About Pilbara Minerals

Pilbara Minerals Limited engages in the exploration, evaluation, and development of mineral resources in Australia. The company focuses on the development of Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. Pilbara Minerals Limited is headquartered in West Perth, Australia.

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