Insider Buying: Southern Cross Media Group Limited (ASX:SXL) Insider Acquires A$50,239.80 in Stock

Southern Cross Media Group Limited (ASX:SXL) insider Heith Mackay-Cruise purchased 74,100 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of A$0.68 ($0.43) per share, with a total value of A$50,239.80 ($31,597.36).

Southern Cross Media Group Stock Performance

The firm has a market capitalization of $154.73 million, a P/E ratio of -0.70, a price-to-earnings-growth ratio of -2.96 and a beta of 1.74. The company has a debt-to-equity ratio of 121.19, a quick ratio of 1.73 and a current ratio of 1.56.

Southern Cross Media Group Company Profile

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio.