Magnetite Mines Limited (ASX:MGT – Get Rating) insider Mark Eames acquired 43,641 shares of the company's stock in a transaction that occurred on Tuesday, February 14th. The shares were acquired at an average cost of A$0.76 ($0.53) per share, with a total value of A$32,992.60 ($22,911.53).

Magnetite Mines Price Performance

The company has a quick ratio of 4.63, a current ratio of 4.64 and a debt-to-equity ratio of 5.62.

Magnetite Mines Company Profile

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Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015.

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