Insider Buying: VEEM (ASX:VEE) Insider Buys 769,231 Shares of Stock

VEEM Ltd (ASX:VEE) insider Bradley (Brad) Miocevich acquired 769,231 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of A$1.30 per share, for a total transaction of A$1,000,000.30.

VEEM Stock Performance

The stock has a market cap of $118.12 million, a P/E ratio of 16.90, a P/E/G ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 42.04, a quick ratio of 1.02 and a current ratio of 2.37.

About VEEM

VEEM Ltd engages in the manufacture and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest and shaft lines and marine ride control fins.