Meridian Energy Ltd (ASX:MEZ)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as A$4.14 ($2.94) and last traded at A$4.06 ($2.88), with a volume of 12584 shares trading hands. The stock had previously closed at A$4.17 ($2.96).

The stock has a market cap of $10.58 billion and a PE ratio of 76.48. The company has a debt-to-equity ratio of 34.46, a quick ratio of 0.39 and a current ratio of 0.55.

In related news, insider Mark Cairns purchased 35,000 shares of Meridian Energy stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of A$4.17 ($2.96) per share, for a total transaction of A$146,090.00 ($103,609.93).

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Meridian Energy Company Profile (ASX:MEZ)

Meridian Energy Limited engages in the generation, trading, and retail of electricity. It generates electricity through seven hydro power stations and five wind farms in New Zealand; three hydro power stations and two wind farms in Australia; and a solar farm in Tongatapu, Tonga. The company sells its electricity to residential, business, and industrial customers under the Meridian and Powershop brand names.

Further Reading: Price-Sales Ratio

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