Magnis Energy Technologies Ltd (ASX:MNS) Insider Buys A$26,400.00 in Stock

Magnis Energy Technologies Ltd (ASX:MNS) insider Frank Poullas purchased 400,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of A$0.07 ($0.05) per share, with a total value of A$26,400.00 ($18,723.40).

Frank Poullas also recently made the following trade(s):

  • On Tuesday, March 3rd, Frank Poullas purchased 142,824 shares of Magnis Energy Technologies stock. The shares were purchased at an average price of A$0.08 ($0.05) per share, with a total value of A$10,711.80 ($7,597.02).

Shares of ASX MNS remained flat at $A$0.07 ($0.05) during midday trading on Wednesday. 1,069,398 shares of the stock were exchanged, compared to its average volume of 578,273. The firm has a market cap of $42.95 million and a P/E ratio of -5.23. Magnis Energy Technologies Ltd has a fifty-two week low of A$0.05 ($0.03) and a fifty-two week high of A$0.24 ($0.17). The company has a debt-to-equity ratio of 2.66, a current ratio of 0.50 and a quick ratio of 0.25.

About Magnis Energy Technologies

Magnis Energy Technologies Ltd explores for and develops mineral properties in Australia and East Africa. The company explores for natural flake graphite for use in various industries primarily batteries for storing electrical energy. Its flagship project includes 100% owned Nachu graphite project located in south east Tanzania.

Further Reading: Recession

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