Michael Spreadborough Acquires 610,000 Shares of Arafura Rare Earths Limited (ASX:ARU) Stock

Arafura Rare Earths Limited (ASX:ARU) insider Michael Spreadborough acquired 610,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of A$0.17 ($0.11) per share, with a total value of A$100,650.00 ($66,655.63).

Arafura Rare Earths Price Performance

The company has a debt-to-equity ratio of 3.48, a quick ratio of 2.30 and a current ratio of 2.38.

About Arafura Rare Earths

Arafura Rare Earths Limited explores for and develops mineral properties in Australia. It focuses on the production of rare earth products, such as neodymium-praseodymium and mixed middle-heavy rare earths oxides. The company holds 100% interests in the Nolans project, a rare earths-phosphate-uranium-thorium deposit that supplies neodymium and praseodymium products; and the Aileron-Reynolds project comprising six granted exploration licences covering an area of approximately 1,240 kilometer square located in Northern Territory, Australia.