Salt Lake Potash (SO4.AX) Shares Are Soaring 1.45%: Is It The Right Time To Buy ?
Australia’s mineral exploration company has been on the decline since March 2020. The stock is moving in unpredictable fluctuations with a positive beta score of 0.57. Bu July 1, prices surged by 1.45% concluding at a price of 0.35AUD with the rise on 0.005 points. Despite today’s increase in shares, the stock has been decreasing its share price for a year and a half. The company experienced a significant drop in prices on March 16, 2020, when the price dropped to 0.335AUD from the previous peak of 0.895AUD on September 19.
Salt Lake Potash Limited is an Australia-based exploration company that extracts minerals such as potash and uranium. The company administers in the United States and Australia. The company is concentrated on the promotion of Lake Well’s Project which is located in Western Australia.
Notwithstanding the fact that the stock is slowly moving in the negative trend, insiders of the company have been buying the shares which is an optimistic indicator. This demonstrates that insiders are willing to pay the current price for the shares. In the last year, the shares were bought for about 0.44AUD. A high number of insiders attracts investors and makes the company be more mindful of its shareholder interests.
