Mineral Resources Limited (ASX:MIN)’s stock price dropped 0.1% on Thursday . The company traded as low as A$14.63 ($10.38) and last traded at A$14.74 ($10.45), approximately 1,839,436 shares were traded during mid-day trading. An increase of 7% from the average daily volume of 1,720,000 shares. The stock had previously closed at A$14.75 ($10.46).
The business has a 50-day moving average price of A$14.98. The company has a debt-to-equity ratio of 63.75, a current ratio of 1.41 and a quick ratio of 0.85. The stock has a market cap of $2.77 billion and a PE ratio of 22.61.
In related news, insider Timothy Roberts purchased 1,269,480 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of A$14.88 ($10.56) per share, for a total transaction of A$18,893,670.84 ($13,399,766.55). Also, insider Peter Wade 6,096 shares of Mineral Resources stock in a transaction dated Thursday, July 11th.
Mineral Resources Limited operates as a mining services and processing company in Australia, China, Singapore, and internationally. It operates through three segments: Mining Services and Processing, Mining, and Central. The company offers contract crushing, screening, and processing services on build-own-operate or build-operate basis for mining companies; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.
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