Insider Buying: Vulcan Steel (ASX:VSL) Insider Acquires 6,000 Shares of Stock

Vulcan Steel Limited (ASX:VSL) insider Russell Chenu bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of A$6.75 per share, for a total transaction of A$40,500.00.

Russell Chenu also recently made the following trade(s):

• On Thursday, November 13th, Russell Chenu purchased 1,958 shares of Vulcan Steel stock. The stock was bought at an average price of A$6.90 per share, with a total value of A$13,510.20.
• On Friday, September 19th, Russell Chenu purchased 7,458 shares of Vulcan Steel stock. The shares were bought at an average cost of A$7.15 per share, for a total transaction of A$53,324.70.

Vulcan Steel Stock Performance

The company has a market capitalization of $1.11 billion, a PE ratio of 28.92, a P/E/G ratio of 0.47 and a beta of 1.06. The company has a debt-to-equity ratio of 343.03, a current ratio of 3.15 and a quick ratio of 0.86.

Vulcan Steel Cuts Dividend

The company also recently declared a Final dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 21st were given a dividend of $0.032 per share. This represents a yield of 48.0%. The ex-dividend date of this dividend was Tuesday, October 7th. Vulcan Steel’s dividend payout ratio is 77.78%.

About Vulcan Steel

Vulcan Steel Limited, together with its subsidiaries, engages in the sale and distribution of steel and metal products in New Zealand and Australia. The company operates through Steel and Metals segments. It sells hollows; merchant products, including bars, beams, angles, channels, and unprocessed coils and plates; stainless steel products, such as hollows, bars, fittings, and sheets; and high-performance steel and metal products.