Insider Selling: Mercantile Investment Company Ltd (ASX:MVT) Insider Sells A$8,476,925.12 in Stock

Mercantile Investment Company Ltd (ASX:MVT) insider Ronald Brierley sold 52,980,782 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of A$0.16 ($0.11), for a total value of A$8,476,925.12 ($6,012,003.63).

Shares of ASX MVT opened at A$0.16 ($0.11) on Tuesday. The company has a debt-to-equity ratio of 66.00, a current ratio of 2.43 and a quick ratio of 2.27. The company has a market cap of $43.51 million and a PE ratio of -155.00. The firm’s fifty day moving average is A$0.16. Mercantile Investment Company Ltd has a 12-month low of A$0.16 ($0.11) and a 12-month high of A$0.21 ($0.15).

About Mercantile Investment

Mercantile Investment Company Ltd is a privately owned investment manager. It was formerly known as India Equities Fund Limited. Mercantile Investment Company Ltd is based in Australia.

Read More: What is an Initial Public Offering (IPO)?

Receive News & Ratings for Mercantile Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercantile Investment and related companies with's FREE daily email newsletter.