Shares of PPK Group Limited (ASX:PPK) fell 4.9% on Tuesday . The company traded as low as A$2.10 ($1.49) and last traded at A$2.14 ($1.52), 78,726 shares changed hands during trading. The stock had previously closed at A$2.25 ($1.60).
The stock has a market cap of $159.52 million and a P/E ratio of 108.89. The company has a debt-to-equity ratio of 10.44, a quick ratio of 1.12 and a current ratio of 2.39. The company has a 50-day simple moving average of A$2.41.
In other news, insider Glenn Molloy bought 129,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of A$2.56 ($1.82) per share, for a total transaction of A$330,240.00 ($234,212.77).
PPK Group Limited engages in the design, manufacture, distribution, hiring, service, and support of underground coal mining equipment in Australia. The company offers pneumatic and hydraulic roof bolters, rib drills, remote drilling rigs, grout mixers, pumps, water separators under the Rambor and King Cobra names; and CoalTram and other underground diesel vehicles, alternators, electrical equipment, and mining consumables.
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