Insider Buying: American Rare Earths Limited (ASX:ARR) Insider Buys 1,000,000 Shares of Stock

American Rare Earths Limited (ASX:ARR) insider Sten Gustafson acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of A$0.20 ($0.13) per share, with a total value of A$200,000.00 ($131,578.95).

Sten Gustafson also recently made the following trade(s):

• On Wednesday, October 30th, Sten Gustafson purchased 1,000,000 shares of American Rare Earths stock. The stock was acquired at an average cost of A$0.20 ($0.13) per share, with a total value of A$200,000.00 ($131,578.95).

American Rare Earths Stock Performance

The company has a current ratio of 24.78, a quick ratio of 7.91 and a debt-to-equity ratio of 1.04.

American Rare Earths Company Profile

American Rare Earths Limited engages in the exploration and development of mineral resources in Australia and the United States. The company explores for rare earth, scandium, and cobalt deposits. Its 100% owned flagship property is the Halleck Creek project situated in Wyoming, the United States. The company was formerly known as Broken Hill Prospecting Limited and changed its name to American Rare Earths Limited in July 2020.