Stephen Weir Buys 3,740,741 Shares of EQ Resources (ASX:EQR) Stock

EQ Resources Limited (ASX:EQR) insider Stephen Weir purchased 3,740,741 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were acquired at an average price of A$0.07 per share, for a total transaction of A$261,851.87.

EQ Resources Price Performance

The company has a debt-to-equity ratio of 80.74, a current ratio of 0.41 and a quick ratio of 0.42. The stock has a market cap of $99.12 million, a price-to-earnings ratio of -2.60 and a beta of 0.40.

EQ Resources Company Profile

EQ Resources Limited explores for and produces tungsten and gold mineral resources in Queensland and New South Wales, Australia. Its flagship property includes the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020. EQ Resources Limited was incorporated in 2005 and is based in Mount Carbine, Australia.