Insider Buying: Sandfire Resources Limited (ASX:SFR) Insider Acquires 18,920 Shares of Stock

Sandfire Resources Limited (ASX:SFRGet Rating) insider Sally Langer bought 18,920 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was purchased at an average cost of A$5.27 ($3.66) per share, for a total transaction of A$99,708.40 ($69,241.94).

The company has a quick ratio of 4.14, a current ratio of 5.34 and a debt-to-equity ratio of 9.71.

The company also recently announced a Interim dividend, which was paid on Tuesday, March 29th. Stockholders of record on Tuesday, March 29th were given a $0.03 dividend. This represents a dividend yield of 0.54%. The ex-dividend date was Monday, March 14th. Sandfire Resources’s payout ratio is 39.30%.

About Sandfire Resources (Get Rating)

Sandfire Resources Limited explores for, evaluates, and develops mineral tenements and projects in Australia and internationally. It primarily explores for copper, gold, and silver, as well as sulphide deposits. The company owns a 100% interest in the DeGrussa copper-gold mine located in the Bryah Basin mineral province of Western Australia; and 87% interest in the Black Butte copper project situated in central Montana, the United States.

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