Scott Tumbridge Sells 505,009 Shares of Mitchell Services (ASX:MSV) Stock

Mitchell Services Limited (ASX:MSV) insider Scott Tumbridge sold 505,009 shares of Mitchell Services stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of A$0.47, for a total transaction of A$237,354.23.

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

• On Wednesday, February 25th, Scott Tumbridge sold 704,651 shares of Mitchell Services stock. The stock was sold at an average price of A$0.55, for a total transaction of A$390,376.65.
• On Thursday, February 26th, Scott Tumbridge sold 620,884 shares of Mitchell Services stock. The stock was sold at an average price of A$0.49, for a total transaction of A$304,233.16.

Mitchell Services Price Performance

The stock has a market capitalization of $109.16 million, a price-to-earnings ratio of 12.21 and a beta of 0.82. The company has a quick ratio of 0.78, a current ratio of 1.40 and a debt-to-equity ratio of 16.41.

Mitchell Services Announces Dividend

The business also recently announced a Interim dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be issued a dividend of $0.04 per share. This represents a dividend yield of 690.0%. The ex-dividend date is Wednesday, February 25th. Mitchell Services’s dividend payout ratio (DPR) is presently 100.00%.

Mitchell Services Company Profile

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.