Insider Buying: Imdex Limited (IMD) Insider Buys 70,000 Shares of Stock
Imdex Limited (ASX:IMD) insider Sally-Anne Layman acquired 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average cost of A$1.06 ($0.75) per share, for a total transaction of A$74,200.00 ($52,624.11).
Shares of IMD traded up A$0.01 ($0.01) on Wednesday, reaching A$1.03 ($0.73). The company’s stock had a trading volume of 1,258,743 shares, compared to its average volume of 684,982. The company has a current ratio of 3.64, a quick ratio of 2.26 and a debt-to-equity ratio of 3.09. The company has a market cap of $390.19 million and a price-to-earnings ratio of 16.89. Imdex Limited has a 12-month low of A$0.91 ($0.65) and a 12-month high of A$1.36 ($0.96).
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Imdex Limited provides mining equipment, technology, and services for the minerals industry in the Asia Pacific, Europe, the Middle East, Africa, the Americas, and internationally. The company develops, manufactures, sells, and rents drilling fluids, solids removal equipment, downhole instrumentation, and data management and analytical software for drilling optimization and geological modelling.
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