Matthew Syme Buys 750,000 Shares of Salt Lake Potash Ltd (SO4) Stock

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Salt Lake Potash Ltd (ASX:SO4) insider Matthew Syme acquired 750,000 shares of Salt Lake Potash stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of A$0.40 ($0.28) per share, for a total transaction of A$300,000.00 ($212,765.96).

Shares of SO4 remained flat at $A$0.59 ($0.42) during midday trading on Friday. 201,998 shares of the stock were exchanged, compared to its average volume of 213,944. Salt Lake Potash Ltd has a fifty-two week low of A$0.43 ($0.30) and a fifty-two week high of A$0.63 ($0.44). The firm has a market cap of $121.70 million and a price-to-earnings ratio of -9.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.71 and a quick ratio of 7.71.

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About Salt Lake Potash

Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. The company explores for sulphate of potash deposits. It primarily holds interests in Goldfield Salt Lakes project located in the northern goldfields of Western Australia. The company was formerly known as Wildhorse Energy Limited and changed its name to Salt Lake Potash Limited in November 2015.

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