Fenix Resources (ASX:FEX) Insider John Welborn Purchases 250,000 Shares of Stock

Fenix Resources Limited (ASX:FEX) insider John Welborn acquired 250,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The stock was purchased at an average cost of A$0.48 per share, for a total transaction of A$119,750.00.

John Welborn also recently made the following trade(s):

• On Monday, October 20th, John Welborn bought 250,000 shares of Fenix Resources stock. The shares were purchased at an average cost of A$0.50 per share, with a total value of A$124,500.00.
• On Friday, October 17th, John Welborn bought 250,000 shares of Fenix Resources stock. The shares were purchased at an average cost of A$0.50 per share, for a total transaction of A$125,250.00.

Fenix Resources Price Performance

The company has a current ratio of 2.02, a quick ratio of 3.02 and a debt-to-equity ratio of 25.20. The stock has a market capitalization of $233.46 million, a P/E ratio of 6.50 and a beta of 2.13.

Fenix Resources Company Profile

Fenix Resources Limited engages in the exploration, development, and mining of mineral tenements in Western Australia. It operates through three segments: Mining, Logistics, and Port Services. The company’s flagship property is the 100% owned Iron Ridge Iron Ore project located in Western Australia. It also provides bulk commodity road and rail haulage logistics solutions to fenix operations and third-party customers; and in-loading access through truck or rail for secure storage on wharf storage facilities; and direct ship loading access and services.