Valmec (ASX:VMX) Trading Down 5%

Valmec Ltd (ASX:VMX) shares dropped 5% on Tuesday . The company traded as low as A$0.29 ($0.20) and last traded at A$0.29 ($0.20), approximately 46,000 shares were traded during mid-day trading. The stock had previously closed at A$0.30 ($0.21).

The company has a fifty day moving average of A$0.26. The firm has a market cap of $33.94 million and a PE ratio of 9.31. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 24.66.

In other news, insider Stephen Zurhaar acquired 157,737 shares of Valmec stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of A$0.21 ($0.15) per share, with a total value of A$33,124.77 ($23,492.74).

Valmec Company Profile (ASX:VMX)

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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