Insider Buying: Imdex Limited (ASX:IMD) Insider Purchases 20,000 Shares of Stock

Imdex Limited (ASX:IMD) insider Paul House purchased 20,000 shares of Imdex stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average cost of A$2.11 ($1.44) per share, with a total value of A$42,100.00 ($28,835.62).

Paul House also recently made the following trade(s):

• On Wednesday, September 11th, Paul House acquired 424,962 shares of Imdex stock. The stock was acquired at an average cost of A$2.16 ($1.48) per share, for a total transaction of A$917,917.92 ($628,710.90).

Imdex Stock Performance

The company has a current ratio of 2.28, a quick ratio of 2.08 and a debt-to-equity ratio of 22.34.

Imdex Cuts Dividend

The business also recently disclosed a Final dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.013 per share. This represents a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, September 24th. Imdex’s dividend payout ratio is presently 50.00%.

About Imdex

Imdex Limited, together with its subsidiaries, provides drilling optimization products and sensors for the minerals industry in the Asia-Pacific, Africa, Europe, and the Americas. The company sells and rents drilling optimization products, including drilling fluids, solids removal units, remote fluid management, rig alignment technologies, and directional drilling technologies; and rents rock knowledge sensors, which include down hole survey, core orientation, gamma logging, and structural orientation sensors.