Valmec Ltd (ASX:VMX) Insider Acquires A$50,632.97 in Stock

Valmec Ltd (ASX:VMX) Insider Acquires A$50,632.97 in Stock

Valmec Ltd (ASX:VMX) insider Stephen Zurhaar bought 242,263 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average cost of A$0.21 ($0.15) per share, for a total transaction of A$50,632.97 ($35,909.91).

Stephen Zurhaar also recently made the following trade(s):

On Friday, March 29th, Stephen Zurhaar bought 500,000 shares of Valmec stock. The shares were purchased at an average cost of A$0.22 ($0.16) per share, for a total transaction of A$110,000.00 ($78,014.18).

Shares of ASX:VMX opened at A$0.24 ($0.17) on Thursday. The company has a market cap of $30.17 million and a P/E ratio of 8.28. Valmec Ltd has a 12 month low of A$0.19 ($0.13) and a 12 month high of A$0.38 ($0.27). The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 24.66.

About Valmec

Valmec Limited, a diversified energy and infrastructure services company, provides equipment, construction, commissioning, and maintenance services to the oil and gas, resources, and infrastructure sectors in Australia. Its services include gas compression and processing; process services engineering, procurement, and construction; infrastructure service construction; petrochemical and mining fabrication; electrical and underground services; civil and earthworks solutions; asset preservation, service, and maintenance; and asset integrity and inspection services.

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