Insider Buying: AIC Mines Limited (ASX:A1M) Insider Purchases 130,000 Shares of Stock

AIC Mines Limited (ASX:A1M) insider Josef El-Raghy purchased 130,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of A$0.30 ($0.20) per share, for a total transaction of A$38,740.00 ($25,826.67).

Josef El-Raghy also recently made the following trade(s):

• On Tuesday, September 3rd, Josef El-Raghy bought 250,000 shares of AIC Mines stock. The shares were acquired at an average price of A$0.31 ($0.21) per share, for a total transaction of A$77,500.00 ($51,666.67).

AIC Mines Stock Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 4.23 and a quick ratio of 2.31.

About AIC Mines

AIC Mines Limited explores for, develops, and acquires gold and copper deposits in Australia. It holds interest in the Marymia project comprising an area of approximately 3,600 square kilometers located in the Eastern Gascoyne region of Western Australia; the Eloise copper mine located in North Queensland; and interest in the Lamil project that covers an area of 1,200 square kilometers located in the Paterson Province of Western Australia.