Insider Buying: Bowen Coking Coal Limited (ASX:BCB) Insider Buys 55,000,000 Shares of Stock

Bowen Coking Coal Limited (ASX:BCBGet Rating) insider Matthew Latimore purchased 55,000,000 shares of the company’s stock in a transaction dated Thursday, June 2nd. The stock was purchased at an average cost of A$0.33 ($0.23) per share, for a total transaction of A$17,930,000.00 ($12,899,280.58).

Matthew Latimore also recently made the following trade(s):

  • On Tuesday, March 22nd, Matthew Latimore sold 1,131,783 shares of Bowen Coking Coal stock. The stock was sold at an average price of A$0.28 ($0.20), for a total transaction of A$316,899.24 ($227,985.06).
  • On Monday, March 14th, Matthew Latimore sold 1,042,600 shares of Bowen Coking Coal stock. The stock was sold at an average price of A$0.28 ($0.20), for a total transaction of A$291,928.00 ($210,020.14).

The company has a current ratio of 11.01, a quick ratio of 10.64 and a debt-to-equity ratio of 0.26.

Bowen Coking Coal Company Profile (Get Rating)

Bowen Coking Coal Limited engages in the exploration and development of coal project with primary focus on metallurgical coal. It holds 100% interests in the Isaac River Project that covers an area of 14 square kilometers located in the Bowen Basin in Central Queensland; the Cooroorah Project located north of Blackwater; the Carborough project; and the Comet Ridge Project located South of the township of Comet, as well as 90% interests the Hillalong Coking Coal Project comprising of 15 sub-blocks covering an area of approximately 48 square kilometers located in the northern Bowen Basin.

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