Insider Buying: Petratherm Ltd (PTR) Insider Acquires 1,000,000 Shares of Stock

Petratherm Ltd (ASX:PTR) insider Donald Stephens purchased 1,000,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of A$0.04 ($0.02) per share, for a total transaction of A$35,000.00 ($24,822.70).

ASX:PTR remained flat at $A$0.04 ($0.03) during trading hours on Friday. 150 shares of the company’s stock were exchanged. The company has a market cap of $6.16 million and a PE ratio of -5.14.

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About Petratherm

Petratherm Limited, together with its subsidiaries, engages in the exploration and development of geothermal energy projects in Australia and internationally. Its flagship project is the Paralana geothermal energy project located to north of the city of Adelaide in South Australia. The company also holds interest in the Corunna project (EL 5497) and the Walparuta project (EL5306 and EL5717) located in South Australia.

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