Insider Buying: Butn Limited (ASX:BTN) Insider Buys 65,000 Shares of Stock

Butn Limited (ASX:BTNGet Rating) insider Michael (Mike) Hirst purchased 65,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average price of A$0.18 ($0.12) per share, with a total value of A$11,570.00 ($8,090.91).

Michael (Mike) Hirst also recently made the following trade(s):

  • On Tuesday, May 3rd, Michael (Mike) Hirst acquired 100,000 shares of Butn stock. The stock was bought at an average cost of A$0.20 ($0.14) per share, with a total value of A$19,900.00 ($13,916.08).
  • On Friday, March 25th, Michael (Mike) Hirst bought 51,312 shares of Butn stock. The shares were bought at an average cost of A$0.29 ($0.20) per share, for a total transaction of A$14,623.92 ($10,226.52).
  • On Monday, March 28th, Michael (Mike) Hirst purchased 48,688 shares of Butn stock. The shares were acquired at an average cost of A$0.27 ($0.19) per share, with a total value of A$12,902.32 ($9,022.60).

The company has a debt-to-equity ratio of 198.50, a quick ratio of 23.06 and a current ratio of 23.15.

About Butn (Get Rating)

Butn Limited provides transactional funding to small and medium enterprises in Australia. Its products include Butn Pay, a solution that allows organizations to pay for goods and services, and choose the repayment terms; Butn Now, a solution for businesses to claim their commissions instantly; Butn X, a solution that helps customers to get paid as soon as the goods and services are delivered with advanced payments; and Butn Plus, a solution that enables businesses to avail secured business loans.

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