Ionic Rare Earths Limited (ASX:IXR) Insider Sufian Ahmad Sells 100,010,000 Shares

Ionic Rare Earths Limited (ASX:IXR) insider Sufian Ahmad sold 100,010,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of A$0.01 ($0.01), for a total transaction of A$1,000,100.00 ($649,415.58).

Ionic Rare Earths Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 42.55 and a current ratio of 4.49.

About Ionic Rare Earths

Ionic Rare Earths Limited operates as a mineral exploration company. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in the eastern Uganda. The company was incorporated in 1998 and is based in Melbourne, Australia.