Insider Buying: Fenix Resources (ASX:FEX) Insider Purchases A$124,500.00 in Stock

Fenix Resources Limited (ASX:FEX) insider John Welborn bought 250,000 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were acquired at an average cost of A$0.50 per share, for a total transaction of A$124,500.00.

John Welborn also recently made the following trade(s):

• On Friday, October 17th, John Welborn bought 250,000 shares of Fenix Resources stock. The shares were acquired at an average cost of A$0.50 per share, for a total transaction of A$125,250.00.
• On Friday, September 12th, John Welborn bought 350,000 shares of Fenix Resources stock. The shares were acquired at an average cost of A$0.38 per share, for a total transaction of A$133,700.00.
• On Monday, September 1st, John Welborn bought 650,000 shares of Fenix Resources stock. The shares were acquired at an average cost of A$0.34 per share, for a total transaction of A$223,600.00.

Fenix Resources Stock Performance

The company has a quick ratio of 3.02, a current ratio of 2.02 and a debt-to-equity ratio of 25.20. The company has a market cap of $233.46 million, a P/E ratio of 6.50 and a beta of 2.13.

Fenix Resources Cuts Dividend

The company also recently declared a Final dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 18th were issued a $0.01 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a dividend yield of 313.0%. Fenix Resources’s payout ratio is presently 50.00%.

About Fenix Resources

Fenix Resources Limited engages in the exploration, development, and mining of mineral tenements in Western Australia. It operates through three segments: Mining, Logistics, and Port Services. The company’s flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia. It also provides bulk commodity road and rail haulage logistics solutions to fenix operations and third-party customers; and in-loading access through truck or rail for secure storage on wharf storage facilities; and direct ship loading access and services.