North American Energy Partners Inc. (NOA) Trading Up 5.4% Following Insider Buying Activity
Shares of North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) traded up 5.4% during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as C$5.37 and last traded at C$5.28. 303,360 shares traded hands during mid-day trading, an increase of 1,469% from the average session volume of 19,332 shares. The stock had previously closed at C$5.01.
Specifically, insider North American Energy Partners acquired 5,146 shares of North American Energy Partners stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of C$4.93 per share, for a total transaction of C$25,369.78. Insiders purchased 1,474,862 shares of company stock valued at $7,381,035 in the last quarter.
The firm’s 50-day moving average is $5.03 and its 200-day moving average is $5.82. The firm has a market capitalization of $140.73 million and a PE ratio of 106.94.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 31st will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, August 29th.
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North American Energy Partners Company Profile
North American Energy Partners Inc provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada. The Company’s operating divisions include Heavy Construction and Mining; Industrial, and Tailings & Environmental Construction.
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