Image Resources (ASX:IMA) Stock Price Down 2.1%

Image Resources NL (ASX:IMA)’s share price was down 2.1% during mid-day trading on Wednesday . The stock traded as low as A$0.24 ($0.17) and last traded at A$0.24 ($0.17), approximately 755,076 shares changed hands during mid-day trading. The stock had previously closed at A$0.24 ($0.17).

The company has a fifty day moving average price of A$0.26. The stock has a market cap of $218.41 million and a PE ratio of 25.00. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 112.59.

In other news, insider Huang Li bought 1,000,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of A$0.24 ($0.17) per share, for a total transaction of A$240,000.00 ($170,212.77). Insiders bought a total of 4,300,000 shares of company stock valued at $1,003,600 in the last 90 days.

About Image Resources (ASX:IMA)

Image Resources NL operates as a mineral sands mining company. The company focuses on mining, ore processing, and production of heavy mineral concentrates. Its flagship projects are the Boonanarring and Atlas projects, which are North Perth Basin mineral sands projects located in Western Australia. The company is based in West Perth, Australia.

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