Scott Tumbridge Sells 620,884 Shares of Mitchell Services (ASX:MSV) Stock

Mitchell Services Limited (ASX:MSV) insider Scott Tumbridge sold 620,884 shares of Mitchell Services stock in a transaction on Thursday, February 26th. The stock was sold at an average price of A$0.49, for a total transaction of A$304,233.16.

Scott Tumbridge also recently made the following trade(s):

• On Wednesday, February 25th, Scott Tumbridge sold 704,651 shares of Mitchell Services stock. The stock was sold at an average price of A$0.55, for a total transaction of A$390,376.65.
• On Friday, February 27th, Scott Tumbridge sold 505,009 shares of Mitchell Services stock. The shares were sold at an average price of A$0.47, for a total transaction of A$237,354.23.

Mitchell Services Price Performance

The company has a debt-to-equity ratio of 16.41, a current ratio of 1.40 and a quick ratio of 0.78. The firm has a market capitalization of $109.16 million, a PE ratio of 12.21 and a beta of 0.82.

Mitchell Services Dividend Announcement

The business also recently declared a Interim dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a yield of 690.0%. Mitchell Services’s dividend payout ratio is 100.00%.

About Mitchell Services

Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries in Australia. The company's drilling services include greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production. It also provides coal exploration, mineral exploration, mine services, underground coal drilling, and drill and blast services. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013.