James Durrant Purchases 7,000,000 Shares of RareX (ASX:REE) Stock

RareX Limited (ASX:REE) insider James Durrant acquired 7,000,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of A$0.03 per share, for a total transaction of A$217,000.00.

RareX Price Performance

The firm has a market cap of $7.21 million, a P/E ratio of -1,865.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 4.22.

About RareX

RareX Limited explores for and develops mineral properties in Australia. The company primarily explores for nickel, cobalt, copper, gold, and rare earths deposits. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the Kimberley region of Western Australia. RareX Limited was incorporated in 2003 and is headquartered in Subiaco, Australia.