Robert Pett Buys 150,000 Shares of Kibaran Resources Ltd (KNL) Stock

Kibaran Resources Ltd (ASX:KNL) insider Robert Pett purchased 150,000 shares of Kibaran Resources stock in a transaction that occurred on Wednesday, April 17th. The shares were purchased at an average cost of A$0.10 ($0.07) per share, with a total value of A$15,000.00 ($10,638.30).

Shares of KNL opened at A$0.11 ($0.08) on Friday. The company has a market cap of $31.01 million and a P/E ratio of -7.33. Kibaran Resources Ltd has a twelve month low of A$0.09 ($0.07) and a twelve month high of A$0.24 ($0.17).

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Kibaran Resources Company Profile

Kibaran Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of graphite and nickel properties in Tanzania and Australia. It holds 100% interests in the Epanko graphite project located to the south-west of Morogoro in south-east Tanzania; the Merelani-Arusha graphite project that consists of 12 prospecting licenses covering an area of 488 square kilometers located in south-east of Arusha in Tanzania; and the Tanga graphite project covering an area of 84 square kilometers located in the south-west of Tanga port, Tanzania.

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