Imdex (ASX:IMD) Trading 3.4% Higher

Imdex Limited (ASX:IMD)’s share price traded up 3.4% during mid-day trading on Thursday . The stock traded as high as A$1.23 ($0.87) and last traded at A$1.22 ($0.87), 369,993 shares traded hands during mid-day trading. A decline of 46% from the average session volume of 684,982 shares. The stock had previously closed at A$1.18 ($0.84).

The company has a fifty day moving average price of A$1.14. The stock has a market cap of $475.43 million and a PE ratio of 20.57. The company has a current ratio of 3.64, a quick ratio of 2.26 and a debt-to-equity ratio of 3.09.

In other news, insider Sally-Anne Layman bought 70,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was purchased at an average price of A$1.06 ($0.75) per share, for a total transaction of A$74,200.00 ($52,624.11).

Imdex Company Profile (ASX:IMD)

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.

Further Reading: Dividend

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