Mineral Resources (ASX:MIN) Trading 0.4% Higher

Mineral Resources Limited (ASX:MIN) traded up 0.4% during trading on Friday . The company traded as high as A$14.44 ($10.24) and last traded at A$14.32 ($10.16), 1,307,389 shares changed hands during trading. A decline of 24% from the average session volume of 1,720,000 shares. The stock had previously closed at A$14.27 ($10.12).

The stock’s 50 day moving average price is A$14.87 and its 200 day moving average price is A$15.52. The company has a current ratio of 2.84, a quick ratio of 1.15 and a debt-to-equity ratio of 82.38. The company has a market cap of $2.69 billion and a price-to-earnings ratio of 16.44.

The business also recently disclosed a Final dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, October 4th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, September 9th. This represents a dividend yield of 2.31%. Mineral Resources’s dividend payout ratio is presently 50.52%.

In related news, insider James McClements 4,569 shares of the business’s stock in a transaction on Thursday, August 1st. Also, insider Peter Wade 6,096 shares of the business’s stock in a transaction on Thursday, July 11th.

About Mineral Resources (ASX:MIN)

Mineral Resources Limited operates as a mining services and processing company in Australia, China, Singapore, and internationally. It operates through three segments: Mining Services and Processing, Mining, and Central. The company offers contract crushing, screening, and processing services on build-own-operate or build-operate basis for mining companies; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.

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