Australian Rare Earths Limited (ASX:AR3) Insider Buys A$34,000.00 in Stock

Australian Rare Earths Limited (ASX:AR3) insider Angus Barker bought 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of A$0.07 ($0.04) per share, for a total transaction of A$34,000.00 ($21,794.87).

Australian Rare Earths Price Performance

The company has a market cap of $13.04 million, a price-to-earnings ratio of -4,172.50 and a beta of 0.41. The company has a current ratio of 7.27, a quick ratio of 10.39 and a debt-to-equity ratio of 2.92.

About Australian Rare Earths

Australian Rare Earths Limited engages in the exploration and development of rare earths mineral resource opportunities in Australia. Its flagship project is the Koppamurra project located in South Australia and Victoria. The company was formerly known as Tawel Exploration Pty Ltd and changed its name to Australian Rare Earths Limited in March 2021.