Xanadu Mines Limited (ASX:XAM) Insider Colin Moorhead Purchases 1,000,000 Shares

Xanadu Mines Limited (ASX:XAM – Get Rating) insider Colin Moorhead purchased 1,000,000 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were acquired at an average price of A$0.03 ($0.02) per share, with a total value of A$31,000.00 ($21,527.78).

The company has a debt-to-equity ratio of 0.43, a quick ratio of 11.28 and a current ratio of 11.33.

Xanadu Mines Company Profile (Get Rating)

Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the Kharmagtai copper-gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia.

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