Insider Buying: Valmec Ltd (VMX) Insider Acquires 242,263 Shares of Stock

Valmec Ltd (ASX:VMX) insider Stephen Zurhaar bought 242,263 shares of Valmec stock in a transaction on Wednesday, April 10th. The stock was acquired 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 stock was acquired 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 VMX stock opened at A$0.22 ($0.16) on Thursday. The firm has a market capitalization of $27.66 million and a price-to-earnings ratio of 7.59. Valmec Ltd has a fifty-two week low of A$0.19 ($0.13) and a fifty-two week high of A$0.38 ($0.27). The company has a debt-to-equity ratio of 24.66, a quick ratio of 1.10 and a current ratio of 1.48.

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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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