Fenix Resources (ASX:FEX) Insider John Welborn Acquires 250,000 Shares

Fenix Resources Limited (ASX:FEX) insider John Welborn bought 250,000 shares of the stock in a transaction on Friday, October 17th. The stock was purchased at an average price of A$0.50 per share, with a total value of A$125,250.00.

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

• On Friday, September 12th, John Welborn purchased 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 acquired 650,000 shares of Fenix Resources stock. The shares were acquired at an average price of A$0.34 per share, with a total value of A$223,600.00.

Fenix Resources Price Performance

The company has a debt-to-equity ratio of 25.20, a current ratio of 2.02 and a quick ratio of 3.02. The stock has a market capitalization of $233.46 million, a price-to-earnings ratio of 6.50 and a beta of 2.13.

Fenix Resources Cuts Dividend

The firm also recently declared a Final dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.01 per share. 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%.

Fenix Resources Company Profile

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.