Alkane Resources (ASX:ALK) Insider Ian Gandel Sells 24,000,000 Shares

Alkane Resources Limited (ASX:ALK) insider Ian Gandel sold 24,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of A$1.12, for a total value of A$26,880,000.00.

Alkane Resources Stock Performance

The company has a quick ratio of 3.13, a current ratio of 1.38 and a debt-to-equity ratio of 15.84. The stock has a market capitalization of $378.46 million, a PE ratio of 21.34, a P/E/G ratio of 4.91 and a beta of 0.94.

About Alkane Resources

Alkane Resources Ltd operates as a gold exploration and production company in Australia. The company explores for gold, copper, nickel, zinc, and silver deposits. It also invests in junior gold mining companies and projects. The company was incorporated in 1969 and is headquartered in West Perth, Australia.