Craig Laslett Buys 50,000 Shares of Perenti (ASX:PRN) Stock

Perenti Limited (ASX:PRN) insider Craig Laslett purchased 50,000 shares of Perenti stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of A$2.39 per share, for a total transaction of A$119,500.00.

Perenti Stock Performance

The stock has a market cap of $1.31 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of -1.24 and a beta of 1.17. The company has a debt-to-equity ratio of 52.77, a current ratio of 2.20 and a quick ratio of 1.36.

Perenti Announces Dividend

The business also recently declared a Interim dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, April 8th will be given a $0.033 dividend. This represents a dividend yield of 136.0%. The ex-dividend date of this dividend is Tuesday, March 24th. Perenti’s payout ratio is currently 80.00%.

About Perenti

Perenti Limited operates as a mining services company worldwide. It operates through Contract Mining Surface, Contract Mining Underground, and Mining Services and idoba segments. The company offers mining services, including drilling and blasting, in-pit grade control, exploration drilling, and earthmoving services, as well as underground mining and diamond drilling services. It also provides mining support services, such as equipment hire, equipment parts and sales, equipment supply, logistics services, and technology driven products and services.