Insider Buying: Gateway Mining (ASX:GML) Insider Acquires A$2,865,780.85 in Stock

Gateway Mining Limited (ASX:GML) insider Andrew Bray bought 50,276,857 shares of the stock in a transaction dated Friday, October 3rd. The shares were acquired at an average price of A$0.06 per share, for a total transaction of A$2,865,780.85.

Gateway Mining Stock Performance

The company has a market capitalization of $9.81 million, a P/E ratio of -5.04 and a beta of 1.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.14 and a quick ratio of 9.11.

Gateway Mining Company Profile

Gateway Mining Limited primarily explores for gold and base metal properties in Western Australia. It owns 100% interest in its flagship Montague Gold project covering an area of approximately 1000 square kilometers located in the town of Sandstone. The company was incorporated in 1957 and is based in Subiaco, Australia.