Valmec (ASX:VMX) Shares Down 5%

Shares of Valmec Ltd (ASX:VMX) traded down 5% during mid-day trading on Tuesday . The company traded as low as A$0.29 ($0.20) and last traded at A$0.29 ($0.20), 46,000 shares traded hands during trading. The stock had previously closed at A$0.30 ($0.21).

The business’s 50-day moving average price is A$0.26. The company has a debt-to-equity ratio of 24.66, a quick ratio of 1.10 and a current ratio of 1.48. The stock has a market capitalization of $33.94 million and a PE ratio of 9.31.

In other news, insider Stephen Zurhaar purchased 157,737 shares of the stock in a transaction on Monday, June 24th. The stock was purchased at an average price of A$0.21 ($0.15) per share, with a total value of A$33,124.77 ($23,492.74).

Valmec Company Profile (ASX:VMX)

Valmec Limited, a diversified energy and infrastructure services company, provides equipment, construction, commissioning, and maintenance services to the oil and gas, resources, and infrastructure sectors in Australia. Its services include gas compression and processing; process services engineering, procurement, and construction; infrastructure service construction; petrochemical and mining fabrication; electrical and underground services; civil and earthworks solutions; asset preservation, service, and maintenance; and asset integrity and inspection services.

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