Insider Buying: Western Areas Ltd (ASX:WSA) Insider Acquires A$17,800.00 in Stock

Western Areas Ltd (ASX:WSA) insider Daniel Lougher acquired 10,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was acquired at an average price of A$1.78 ($1.26) per share, with a total value of A$17,800.00 ($12,624.11).

ASX WSA opened at A$1.94 ($1.37) on Thursday. The stock has a fifty day moving average of A$2.47 and a 200-day moving average of A$2.85. The stock has a market capitalization of $529.70 million and a P/E ratio of 13.25. Western Areas Ltd has a 52 week low of A$1.73 ($1.23) and a 52 week high of A$3.48 ($2.46). The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.99 and a current ratio of 3.63.

The company also recently announced a Interim dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, April 3rd will be paid a $0.01 dividend. The ex-dividend date is Thursday, March 12th. This represents a dividend yield of 0.39%. Western Areas’s dividend payout ratio (DPR) is currently 20.55%.

About Western Areas

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates in Australia. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals. Its flagship property is the Forrestania project located in Western Australia. Western Areas Limited was founded in 1999 and is headquartered in West Perth, Australia.

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