Insider Selling: Mitchell Services (ASX:MSV) Insider Sells 505,009 Shares of Stock

Mitchell Services Limited (ASX:MSV) insider Scott Tumbridge sold 505,009 shares of Mitchell Services stock in a transaction dated Friday, February 27th. The stock was sold at an average price of A$0.47, for a total value of A$237,354.23.

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 Thursday, February 26th, Scott Tumbridge sold 620,884 shares of Mitchell Services stock. The stock was sold at an average price of A$0.49, for a total transaction of A$304,233.16.

Mitchell Services Stock Performance

The company has a market cap of $73.25 million, a PE ratio of 8.04 and a beta of 0.82. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 29.96.

Mitchell Services Announces Dividend

The firm also recently announced a Interim dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.04 per share. This represents a yield of 690.0%. The ex-dividend date of this dividend is Wednesday, February 25th. Mitchell Services’s payout ratio is 150.00%.

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.