Insider Buying: Saracen Mineral Holdings Limited (ASX:SAR) Insider Purchases 185,000 Shares of Stock

Saracen Mineral Holdings Limited (ASX:SAR) insider Raleigh Finlayson acquired 185,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of A$4.63 ($3.28) per share, for a total transaction of A$856,550.00 ($607,482.27).

ASX:SAR traded down A$0.12 ($0.09) during mid-day trading on Friday, hitting A$4.57 ($3.24). 5,554,691 shares of the company’s stock were exchanged, compared to its average volume of 4,370,000. Saracen Mineral Holdings Limited has a one year low of A$1.72 ($1.22) and a one year high of A$4.75 ($3.37). The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 2.64. The company has a fifty day moving average price of A$3.97. The stock has a market cap of $3.75 billion and a P/E ratio of 51.93.

About Saracen Mineral

Saracen Mineral Holdings Limited, a gold mining company, explores for and develops mineral properties in Australia. The company explores for gold and nickel deposits. It owns 100% interests in the Carosue Dam operations located to the north-east of Kalgoorlie, Western Australia; and Thunderbox operations located in the Yandal and the Agnew-Wiluna belts in the North Eastern Goldfields of Western Australia.

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