Insider Selling: GR Engineering Services (ASX:GNG) Insider Sells 3,000,000 Shares of Stock

GR Engineering Services Limited (ASX:GNG) insider Giuseppe (Joe) Totaro sold 3,000,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of A$4.10, for a total value of A$12,300,000.00.

GR Engineering Services Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.19 and a debt-to-equity ratio of 13.80. The company has a market capitalization of $489.86 million, a PE ratio of 16.08 and a beta of 0.38.

GR Engineering Services Increases Dividend

The firm also recently announced a Final dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 24th were issued a $0.12 dividend. This is a boost from GR Engineering Services’s previous Final dividend of $0.10. This represents a dividend yield of 283.0%. The ex-dividend date of this dividend was Sunday, August 31st. GR Engineering Services’s dividend payout ratio is currently 111.11%.

GR Engineering Services Company Profile

GR Engineering Services Limited provides engineering, procurement, and construction services to the mining and mineral processing industries in Australia and internationally. The company operates through two segments, Mineral Processing, and Oil & Gas. It offers feasibility studies, such as scoping, pre-feasibility, and definitive level studies, as well as study work and services that include front end engineering design, operations and process optimization, due diligence reviews, asset management system development and monitoring, risk evaluation and hazard/operability studies, technology evaluation and trade-off studies, and refurbishment assessments.