Mitchell Services (ASX:MSV) Insider Sells A$390,376.65 in Stock

Mitchell Services Limited (ASX:MSV) insider Scott Tumbridge sold 704,651 shares of Mitchell Services stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of A$0.55, for a total transaction of A$390,376.65.

Scott Tumbridge also recently made the following trade(s):

• On Thursday, February 26th, Scott Tumbridge sold 620,884 shares of Mitchell Services stock. The shares were sold at an average price of A$0.49, for a total transaction of A$304,233.16.
• On Friday, February 27th, Scott Tumbridge sold 505,009 shares of Mitchell Services stock. The shares were sold at an average price of A$0.47, for a total value of A$237,354.23.

Mitchell Services Stock Performance

The company has a debt-to-equity ratio of 29.96, a quick ratio of 0.78 and a current ratio of 1.18. The stock has a market capitalization of $73.25 million, a PE ratio of 8.04 and a beta of 0.82.

Mitchell Services Announces Dividend

The business also recently announced a Interim dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, February 25th. This represents a dividend yield of 690.0%. Mitchell Services’s dividend payout ratio is presently 150.00%.

About Mitchell Services

Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries in Australia. The company's drilling services include greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production. It also provides coal exploration, mineral exploration, mine services, underground coal drilling, and drill and blast services. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013.