Insider Buying: Kingwest Resources Limited (ASX:KWR) Insider Acquires 1,428,000 Shares of Stock

Kingwest Resources Limited (ASX:KWR – Get Rating) insider Jonathan Downes purchased 1,428,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was acquired at an average price of A$0.04 ($0.02) per share, for a total transaction of A$49,980.00 ($34,708.33).

Kingwest Resources Stock Performance

The company has a quick ratio of 3.86, a current ratio of 4.01 and a debt-to-equity ratio of 0.01.

About Kingwest Resources

(Get Rating)

Kingwest Resources Limited, together with its subsidiaries, engages in the acquisition and exploration gold deposits in Western Australia. It holds interest in the Menzies Gold Project and the Goongarrie Gold Project located in Kalgoorlie, Western Australia. The company was incorporated in 2018 and is based in Perth, Australia.