Mastermyne Group (ASX:MYE) Trading 1.6% Higher

Mastermyne Group Limited (ASX:MYE) shares rose 1.6% during trading on Monday . The stock traded as high as A$0.99 ($0.70) and last traded at A$0.98 ($0.70), approximately 30,169 shares were traded during trading. The stock had previously closed at A$0.97 ($0.68).

The stock has a 50-day moving average price of A$1.03 and a two-hundred day moving average price of A$1.00. The company has a current ratio of 2.15, a quick ratio of 1.99 and a debt-to-equity ratio of 2.64. The stock has a market cap of $99.63 million and a price-to-earnings ratio of 9.70.

In related news, insider Anthony (Tony) Caruso 147,893 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd.

Mastermyne Group Company Profile (ASX:MYE)

Mastermyne Group Limited provides contracting services to the underground long wall mining operations in Australia. It operates in two segments, Mastermyne and Mastertec. The Mastermyne segment offers project management, labour and equipment hiring, underground roadway development, underground ventilation device installation, bulk materials handling system installation and relocation, and underground mine support services, as well as underground conveyor installation, extension, and maintenance services.

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