Alkane Resources Limited (ASX:ALK) Insider Ian Gandel Sells 19,000,000 Shares

Alkane Resources Limited (ASX:ALK – Get Rating) insider Ian Gandel sold 19,000,000 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of A$0.75 ($0.52), for a total value of A$14,250,000.00 ($9,895,833.33).

The company has a debt-to-equity ratio of 8.39, a current ratio of 2.21 and a quick ratio of 1.73.

Alkane Resources Company Profile (Get Rating)

Alkane Resources Limited operates as a multi-commodity exploration and development company in Australia. It explores for gold, copper, zinc, titanium, nickel, cobalt, and rare earth elements. The company owns an interests in the Tomingley Gold project that consists of four gold deposits; and the Northern Molong Porphyry Project, which covers an area of 115 square kilometers located in the Central West of New South Wales.

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