Ian MacDonald Acquires 20,435 Shares of Genworth Mortgage Insurance Australia (GMA) Stock

Genworth Mortgage Insurance Australia (ASX:GMA) insider Ian MacDonald purchased 20,435 shares of the stock in a transaction dated Friday, November 23rd. The shares were acquired at an average cost of A$2.19 ($1.55) per share, for a total transaction of A$44,752.65 ($31,739.47).

Genworth Mortgage Insurance Australia stock traded up A$0.08 ($0.06) during mid-day trading on Friday, reaching A$2.25 ($1.60). 1,267,668 shares of the stock traded hands, compared to its average volume of 3,510,000. The company has a current ratio of 0.07, a quick ratio of 0.06 and a debt-to-equity ratio of 11.49. Genworth Mortgage Insurance Australia has a 12-month low of A$2.21 ($1.57) and a 12-month high of A$3.35 ($2.38).

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About Genworth Mortgage Insurance Australia

Genworth Mortgage Insurance Australia Limited, through its subsidiaries, engages in the loan mortgage insurance business in Australia. The company facilitates residential mortgage lending by transferring risk from lenders to lenders mortgage insurance (LMI) providers, primarily for high loan-to-value ratio residential mortgage loans.

See Also: Liquidity

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