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

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

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

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

Shares of ASX VMX opened at A$0.21 ($0.15) on Wednesday. Valmec Ltd has a 52 week low of A$0.19 ($0.13) and a 52 week high of A$0.38 ($0.27). The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 24.66. The company has a market cap of $26.40 million and a P/E ratio of 7.24.

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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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