QEM Limited (ASX:QEM) Insider Acquires A$54,599.53 in Stock

QEM Limited (ASX:QEM) insider David Fitch purchased 352,255 shares of QEM stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of A$0.16 ($0.10) per share, for a total transaction of A$54,599.53 ($35,454.24).

QEM Stock Performance

The company has a debt-to-equity ratio of 11.25, a current ratio of 0.70 and a quick ratio of 2.38.

About QEM

QEM Limited engages in the exploration and development of vanadium and oil shale project in Australia. Its flagship project is the Julia Creek oil shale and vanadium project covering an area of 249.6 square kilometers located in the Julia Creek area of North Western Queensland, Australia. The company was formerly known as Queensland Energy & Minerals Pty Ltd and changed its name to QEM Limited in August 2018.