Allegiance Coal Ltd (ASX:AHQ) Insider Mark Gray Acquires 666,666 Shares

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Allegiance Coal Ltd (ASX:AHQ) insider Mark Gray acquired 666,666 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of A$0.08 ($0.05) per share, with a total value of A$49,999.95 ($35,460.96).

AHQ opened at A$0.15 ($0.10) on Friday. The company has a quick ratio of 1.71, a current ratio of 1.93 and a debt-to-equity ratio of 5.27. The firm has a 50 day moving average price of A$0.11 and a 200-day moving average price of A$0.08. Allegiance Coal Ltd has a twelve month low of A$0.04 ($0.03) and a twelve month high of A$0.16 ($0.11). The stock has a market capitalization of $74.12 million and a price-to-earnings ratio of -48.33.

Allegiance Coal Company Profile

Allegiance Coal Limited engages in the acquisition, exploration, and development of metallurgical coal tenements. Its principal project is the Telkwa metallurgical coal project located in the north west of British Columbia, Canada. The company was incorporated in 2011 and is based in Sydney, Australia.

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